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Soaring Inflation Could Put A Damper On Black Friday Shopping

View Source | November 23, 2022 4:07 pm

  • Grinding inflation is expected to impact Black Friday and holiday shopping season numbers.
  • “The lower incomes are definitely hit worst by the higher inflation,” said Claire Li, a senior analyst at Moody’s. “People have to spend on the essential items.”
  • The consumer price index has been up about eight percent on an annual basis.
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