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Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns
Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns After a solid holiday season, US retail sales took a surprising step back to start 2025, snapping a streak of growth and fueling worries about the economy. Retail and food services sales fell 0.9 percent in January, according to Census Bureau data released on Friday, Feb. 14. The decline reversed the trend from December 2024's revised increase of 0.7 percent, signaling that consumers may be feeling the squeeze from rising prices. Economists had predicted only a slight decline, with Dow Jones estimating a 0.2 percent drop, NBC News reported. The sales totals were seasonally adjusted but…

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by Chris Spiker
News
Avoid Scams: These Are Top 10 Consumer Frauds Of 2023, NY AG Says Avoid Scams: These Are Top 10 Consumer Frauds Of 2023, NY AG Says
Avoid Scams: These Are Top 10 Consumer Frauds Of 2023, NY AG Says To honor National Consumer Protection Week, New York Attorney General Letitia James has revealed the most common fraud complaints faced by residents during 2023.  In an announcement on Monday, March 4, James said that these common complaints ranged from price gouging of much-needed goods and services to housing issues, online banking fraud, and even travel-related issues.  The top ten most common consumer complaints of 2023 in New York were:  Retail Sales: (Online purchases, price gouging, retail sales, defective merchandise, poor customer service, pet stores, animal breede…

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by Ben Crnic