December Retail Sales Drop 1.9 Percent as Inflation Hits US Consumers

December Retail Sales Drop 1.9 Percent as Inflation Hits US Consumers
Shoppers form a line outside of Lululemon at International Plaza in Tampa, Fla., on Nov. 26, 2021. Octavio Jones/Getty Images
Bryan Jung
Updated:

U.S. retail sales fell a seasonally adjusted 1.9 percent in December, as inflation and supply issues weighed on prices, according to a Jan. 14 report from the Commerce Department.

A surge in COVID-19 cases because of the Omicron virus variant also was indicated as a factor for the decline in consumer confidence, as well as the higher prices.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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