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2022 Holiday Sales Grew 5.3% to $936.3B

Retail sales during 2022’s November-December holiday season grew 5.3 percent over 2021 to $936.3 billion, falling short of the National Retail Federation’s (NRF) forecast amid continuing inflation and high interest rates.
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Retail Sales Growing as Holiday Season Begins

Retail sales grew again in October as consumers set aside concerns about inflation and many got a jump start on the holiday season.

NRF Predicts Healthy Holiday Sales

The National Retail Federation forecasts that holiday retail sales during November and December will grow between 6 and 8 percent over 2021 to between $942.6 billion and $960.4 billion.

Year-Over-Year Retail Sales Growth Continues

Retail sales remained strong on a monthly basis and saw another year-over-year gain in September despite an interest rate hike from the Federal Reserve and continuing inflation.

August Retail Sales Supported by Job and Wage Gains

Consumers' willingness to spend overcame inflation again in August as more jobs and higher wages helped ease some of the pressure of continuing high prices.
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Consumers Are Still Shopping Despite Inflation

Core retail sales rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains.

May Retail Sales Slow Amid Ongoing Inflation

Retail sales slowed in May as consumers faced continuing inflation and higher prices for essentials like food and gasoline, according to the National Retail Federation (NRF).
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Retail Sales Grew in April as Consumers Took Higher Prices in Stride

Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases.
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February Retail Sales Rose Strongly Year-Over-Year

Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain.

Annual Retail Sales Predicted to Grow 6-8 Percent

The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022.
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