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Inflation may be slowing Santa’s shopping this Christmas season

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By BARBARA GREEN
[email protected]
Consumer spending may have been strong during the Thanksgiving weekend, considered one of the busiest shopping times of the year, but high inflation is taking a toll on Christmas presents as shoppers get less “bang for their buck.”
However, despite record inflation, the National Retail Federation is expecting “healthy holiday spending,” forecasting retail sales during November and December will grow between 6% and 8% above 2021 to between $942.6 billion and $960.4 billion. Last year holiday sales grew 13.5% above 2020 and totaled $889.3 billion, shattering previous records. Holiday retail sales have averaged an increase of 4.9% during the past 10 years with pandemic spending in recent years accounting for considerable gains.
“In the face of these challenges, many households will supplement spending with savings and credit to provide a cushion and result in a positive holiday season,” said NRF President Matthew Shay.
Inflation eased slightly but remained high in October. On a monthly basis, overall consumer prices increased .4% in October while core prices advanced .3%. The food index also is up 11% in October compared to 2021.

Read the full story in the weekend Bowie News.

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COUNTY LIFE

Burger fundraiser to assist Advanced staff member’s family

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The staff of Advanced Rehabilitation will conduct a hamburger lunch fundraiser to assist one of its staff members whose child is undergoing serious medical issues.
From noon to sell-out on July 19 hamburgers will be prepared in the front lobby of the home. The goal is to sell 100 burgers with a $10 meal deal of a burger, chips and a drink.
Call Cynthia at 940-366-4960 for pre-orders or Tiffany for delivery at 940-255-0402.
The fundraiser is for Tori Mullins, whose daughter, Bryleigh Gresham, age three, has been undergoing treatment for leukemia at Cook Children’s Medical Center. Tori has had to be off work to travel to Cook’s for the treatments.

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COUNTY LIFE

It’s here the 2024 Montague County Guide

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Inside your weekend Bowie News find the award-winning visitor’s and newcomer’s guide. There are unique features about this area along with all the resources you may need to set up housekeeping or explore something new.

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COUNTY LIFE

Summer Olympics this week’s summer reading theme

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Bowie Public Library’s Summer Reading program continues on July 16 with the Olympics.
It will be all about the upcoming Summer Olympics with outdoor games at the soccer field. Summer reading wraps up with the popular Creature Teacher on July 23 who brings lots of animals to the kids to see up close.
Any questions about summer reading can be directed to the library staff by calling 872-2681 or follow their Facebook page.
Summer reading is open to children ages 0-12. Keep a summer reading log and earn a book.

Top photo – This past Tuesday, the library staff visits with Smokey the Bear and a member of the Forest Service at summer reading. (Photo by Barbara Green)

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