This holiday season, the focus seems to be on the “r” word. No, not recession—retail. Despite concerns about economic uncertainty, the National Retail Federation reports that an estimated 166.3 million people will shop from Thanksgiving Day through Cyber Monday this year. That’s almost eight million more than last year.
Don’t add to your Christmas list just yet, though. Shoppers should be prepared to pay more this year as inflation continues to impact prices. The boost is reflected in PNC’s 39th annual Christmas Price Index, or CPI, which is up a whopping 10.5% from 2021, the third highest year-over-year increase ...
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