{"id":1122692,"date":"2021-12-15T18:15:24","date_gmt":"2021-12-15T23:15:24","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1122692"},"modified":"2021-12-15T18:15:27","modified_gmt":"2021-12-15T23:15:27","slug":"sales-slow-down-as-shoppers-experience-inflation-low-supply-of-goods","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sales-slow-down-as-shoppers-experience-inflation-low-supply-of-goods\/","title":{"rendered":"Sales Slow Down As Shoppers Experience Inflation, Low Supply Of Goods"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsales-slow-down-as-shoppers-experience-inflation-low-supply-of-goods%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1122692&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"p1\">A recent report from the U.S. Census Bureau, which is part of the U.S. Department of Commerce, showed a deceleration in retail sales as shoppers are impacted by inflation and a lack of goods.&nbsp;<\/p>\n<p class=\"p1\">On Wednesday, the Census Bureau <a href=\"https:\/\/www.census.gov\/retail\/marts\/www\/marts_current.pdf\">announced<\/a> advance estimates of U.S. retail and food services sales for November, showing an increase of 0.3%, seasonally-adjusted, which was less than last month\u2019s growth in the <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf\">consumer price index<\/a>, which was at 0.8%. It also showed a downward trend from October\u2019s 1.8% growth in sales for retail and food services.&nbsp;<\/p>\n<p class=\"p4\">The report also showed electronics stores sales down 4.6% in November from the month prior. General merchandise stores sales also decreased 1.2%, and health and personal care stores went down 0.6%.<\/p>\n<p class=\"p1\">\u201cIf you look at the weakness in November sales, it looks more related to holiday shopping,\u201d said Aditya Bhave, an economist for Bank of America, per <a href=\"https:\/\/www.wsj.com\/articles\/us-economy-november-2021-retail-sales-11639498894\">The Wall Street Journal.<\/a> \u201cSome of that is going to be a reflection of prices, but the bigger story here is the change in the seasonal pattern,\u201d with shoppers buying gifts earlier than during typical years.<\/p>\n<p class=\"p4\">Additionally, the Journal noted that \u201cOctober\u2019s gain in retail sales was the largest since March.\u201d<\/p>\n<p class=\"p4\">While the numbers could be due in part to Americans doing their shopping earlier this year in anticipation of shortages and supply chain issues, inflation has heavily impacted Americans over the past few months.&nbsp;<\/p>\n<p class=\"p4\">The report stated that gas station sales were up around 52% from last November, showing the struggle consumers have faced over the cost of fuel, which has potentially contributed to the lack of spending in other areas.&nbsp;<\/p>\n<p class=\"p4\">As the Journal reported:&nbsp;<\/p>\n<p class=\"p4\">Stores that sell sporting goods, musical instruments and books saw sales increase by 1.3% in November, the same as the increase at food and beverage stores. Sales at gas stations were up 1.7% last month and are up 52% from a year earlier, in part reflecting higher prices at the pump.<\/p>\n<p class=\"p1\">On Friday, the Bureau of Labor Statistics&nbsp;demonstrated the rising inflation being felt across the country.<\/p>\n<p class=\"p1\">As The Daily Wire <a href=\"https:\/\/www.dailywire.com\/news\/gas-up-58-meat-up-13-inside-the-newest-record-breaking-inflation-report\">reported<\/a>, the department \u201c<a href=\"https:\/\/www.dailywire.com\/news\/breaking-inflation-skyrockets-to-6-8-higher-than-expected-fastest-rate-in-nearly-40-years\">revealed<\/a> that consumer price inflation in the United States has reached a rate of 6.8% \u2014 the largest year-over-year increase since June 1982, as well as the sixth straight month in which inflation remained above 5%.\u201d<\/p>\n<p class=\"p1\">\u201cAs summarized by&nbsp;<a href=\"https:\/\/www.cnbc.com\/2021\/12\/10\/inflation-surged-to-its-fastest-pace-since-1982-last-month.html\">CNBC<\/a>, the following are some of the largest consumer price jumps between November 2020 and November 2021:\u201d&nbsp; <\/p>\n<p>Gas \u2014 58.1%Used vehicles \u2014 31.4%Hotels \u2014 25.5%Meat, poultry, and fish \u2014 13.1%Furniture and bedding \u2014 11.8%New vehicles \u2014 11.1%Domestic services \u2014 10.2%Jewelry \u2014 6.7%Electricity \u2014 6.5%Food \u2014 6.1%Apparel \u2014 5%Milk \u2014 4.6%Fruits and vegetables \u2014 4%<\/p>\n<p class=\"p4\">On Tuesday, White House Press Secretary Jen Psaki discussed the skyrocketing prices of meat in the country, and received pushback for her suggestion about what might be causing the spike.<\/p>\n<p class=\"p1\">As The Daily Wire <a href=\"https:\/\/www.dailywire.com\/news\/corporate-greed-psaki-blames-big-meat-for-soaring-food-prices\">reported<\/a>, the \u201cprice index for meats, poultry, fish, and eggs has swelled 12.8% over the past year. For certain products, the increase is even more pronounced. The price of beef has soared in price 20.9% since December 2020, according to Department of Labor&nbsp;<a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">data<\/a>.\u201d&nbsp;<\/p>\n<p class=\"p1\">Psaki said, \u201cthe president, the secretary of Agriculture have both spoken to what we\u2019ve seen as the greed of meat conglomerates. That is an area where when people go to the grocery store [and] are trying to buy a pound of meat, two pounds of meat, ten pounds of meat, the prices are higher.\u201d<\/p>\n<p class=\"p1\">She added: \u201cThat is, in his view and the view of our secretary of Agriculture, because of, you could call it corporate greed \u2026 You could call it jacking up prices during a pandemic.\u201d<\/p>\n<p class=\"p1\">The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report from the U.S. Census Bureau, which is part of the U.S. Department of Commerce, showed a deceleration in retail sales as shoppers are impacted by inflation and a lack of goods.\u00a0On Wednesday, the Census Bureau announced advance estimates of U.S. retail and food services sales for November, showing an increase of 0.3%, seasonally-adjusted, which was less than last month\u2019s growth in the consumer price index, which was at 0.8%. It also showed a downward trend from October\u2019s 1.8% growth in sales for retail and food services.\u00a0The report also showed electronics stores sales down 4.6% in November from the month prior. General merchandise stores sales also decreased 1.2%, and health and personal care stores went down 0.6%.\u201cIf you look at the weakness in November sales, it looks more related to holiday shopping,\u201d said Aditya Bhave, an economist for Bank of America, per The Wall Street Journal. \u201cSome of that is going to be a reflection of prices, but the bigger story here is the change in the seasonal pattern,\u201d with shoppers buying gifts earlier than during typical years.Additionally, the Journal noted that \u201cOctober\u2019s gain in retail sales was the largest since March.\u201dWhile the numbers could be due in part to Americans doing their shopping earlier this year in anticipation of shortages and supply chain issues, inflation has heavily impacted Americans over the past few months.\u00a0The report stated that gas station sales were up around 52% from last November, showing the struggle consumers have faced over the cost of fuel, which has potentially contributed to the lack of spending in other areas.\u00a0As the Journal reported:\u00a0Stores that sell sporting goods, musical instruments and books saw sales increase by 1.3% in November, the same as the increase at food and beverage stores. Sales at gas stations were up 1.7% last month and are up 52% from a year earlier, in part reflecting higher prices at the pump.On Friday, the Bureau of Labor Statistics\u00a0demonstrated the rising inflation being felt across the country.As The Daily Wire reported, the department \u201crevealed that consumer price inflation in the United States has reached a rate of 6.8% \u2014 the largest year-over-year increase since June 1982, as well as the sixth straight month in which inflation remained above 5%.\u201d\u201cAs summarized by\u00a0CNBC, the following are some of the largest consumer price jumps between November 2020 and November 2021:\u201d\u00a0 Gas \u2014 58.1%Used vehicles \u2014 31.4%Hotels \u2014 25.5%Meat, poultry, and fish \u2014 13.1%Furniture and bedding \u2014 11.8%New vehicles \u2014 11.1%Domestic services \u2014 10.2%Jewelry \u2014 6.7%Electricity \u2014 6.5%Food \u2014 6.1%Apparel \u2014 5%Milk \u2014 4.6%Fruits and vegetables \u2014 4%On Tuesday, White House Press Secretary Jen Psaki discussed the skyrocketing prices of meat in the country, and received pushback for her suggestion about what might be causing the spike.As The Daily Wire reported, the \u201cprice index for meats, poultry, fish, and eggs has swelled 12.8% over the past year. For certain products, the increase is even more pronounced. The price of beef has soared in price 20.9% since December 2020, according to Department of Labor\u00a0data.\u201d\u00a0Psaki said, \u201cthe president, the secretary of Agriculture have both spoken to what we\u2019ve seen as the greed of meat conglomerates. That is an area where when people go to the grocery store [and] are trying to buy a pound of meat, two pounds of meat, ten pounds of meat, the prices are higher.\u201dShe added: \u201cThat is, in his view and the view of our secretary of Agriculture, because of, you could call it corporate greed \u2026 You could call it jacking up prices during a pandemic.\u201dThe Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":95,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1122692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1122692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1122692"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1122692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1122692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1122692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1122692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}