Will Holiday Spending Outpace Inflation?

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Will Holiday Spending Outpace Inflation?

Dec 16, 2024

In 2023, consumers spent $964.4 billion on retail goods and services during the holiday months. This was a 3.8% increase over 2022 and above the 3.4% rate of general inflation. Over the last decade, holiday spending has usually outpaced inflation, sometimes by a wide margin. With inflation slowing in 2024, this trend could continue.

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