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Inflation-wary US consumers flock to 'Black Friday' deals

  • Consumer prices have increased by 22 percent since January 2020, leading to cautious spending by Americans, according to Pew Research.
  • Holiday spending is projected to grow between 2.5 and 3.5 percent this season, reaching nearly $989 billion, as reported by the National Retail Federation.
  • Consumers are expected to spend a record $10.8 billion online for Black Friday, reflecting a 10 percent increase from last year, according to Adobe Analytics.
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Inflation-wary US consumers flock to 'Black Friday' deals

NEW YORK: US shoppers are out in force for “Black Friday,” but inflation nerves have left them jittery, analysts say, prompting retailers in the world’s biggest economy to come up with ever more deals. © New Straits Times Press (M) Bhd

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pme.ch broke the news in on Friday, November 29, 2024.
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