Xinhua Finance Washington, January 10 (Reporter Xu Yuan) According to data jointly released by the Consumer News and Business Channel and the National Retail Federation on the 10th, U.S. consumer spending rose month-on-month in December 2023, but deflation may affect future growth.
According to data released on the same day, the retail inspection index (retail monitor), which excludes cars and gasoline, was **0 in December last year4%, down from 08%。The core retail sales index, which includes restaurants, rose only modestly by 02%, up 07% slashed.
The data shows that in November and December last year, the most critical period of the holiday shopping season, the retail inspection index ** 37%, core index **33%。For the whole of 2023, the retail inspection index increased by 31%, and the core index increased by 24%。
At the same time, unlike earlier last year, deflation is likely to be a factor influencing continued growth in consumer spending. In December, commodities excluding food and energy were **for six consecutive months**. From June to November last year, goods** have fallen by 3 percent on an annualized basis7%。
The Retail Monitor Index is a joint product of CNBC and NRF. Data** Affinity, a consumer purchase insights company, collects and anonymizes more than 9 billion credit and debit card transactions across more than 1,400 financial institutions, tracking more than $500 billion in sales.
The U.S. Department of Commerce will release the Consumer Index (CPI) for December last year on the 11th, which will show more comprehensively and clearly the trend of goods and the impact on retail sales.
Editor: Tan Rui.
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