US Retail Sales Rise by More Than Forecast

Bloomberg Television published this video item, entitled “US Retail Sales Rise by More Than Forecast” – below is their description.

The value of retail purchases, unadjusted for inflation, increased 0.7% after an upwardly revised 0.8% gain in August, Commerce Department data showed. There were stronger sales at restaurants, motor vehicle dealers and personal care stores. Mike McKee breaks down the numbers on “Bloomberg Surveillance.”

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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