Retail sales fell even further in December as shoppers battled inflation | CNN Business

US retail sales continued to fall in December, dropping by 1.1% amid high inflation

Economists had expected sales to fall 0.8% for the month, according to Refinitiv. The November number was revised down to -1%.

Annual retail sales were up 6% in December from the year prior. That’s unchanged from November. The data is not adjusted for inflation. This story is developing and will be updated.

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