Consumers are likely to feel inflation bite when they go Christmas shopping this year, with a new forecast from Salesforce estimating retail prices will rise by as much as 20 percent this holiday season compared to last year.
Salesforce expects a strong Christmas shopping season this year, estimating sales will top $1 trillion globally, the company said in the Sept. 29 forecast. But it warns of persistent supply-side pressures and expects everyone along the chain to feel the pinch of rising costs.
