Valentine’s Day 2023 PowerPoint Presetation

Inflation and Consumer Spending Factors

• Consumers continue to spend, although cautiously, according to US Census Bureau data. September and October retail and food sales increased; however, many consumers are still concerned about prices increasing further.
• Unexpectedly, the October 2022 consumer price index increased 7.7% YOY on an annual basis, compared to September’s 8.2% YOY increase. Excluding food and energy, the core index increased just 0.3% from September, which had increased 0.6% from August.
• If inflation continues to decrease during late 2022 and early 2023, then that could have a positive effect on Valentine’s Day 2023 sales. Easing of supply chain issues could improve retailers’ inventories.

Download the PowerPoint Presentation and  Word Document