Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Retail Sales Up A Touch

WASHINGTON, Jan. 31 (UPI) — U.S. sales receipts at chain stores rose slightly in the week ending Saturday, the International Council of Shopping Centers said Tuesday.

Sales rose 0.1 percent in the week, but came in 3.9 percent higher than the same week of 2011, the trade group said.

Consumer trends shifted “towards staples and value goods” in the week as the price of gasoline cut deeper into discretionary spending by rising 5 cents in the week.

The Energy Information Agency said gasoline reached $3.439 per gallon on Jan. 30, a 10.9 percent jump over the same week a year earlier.

The average price of gasoline is at the highest level since the last week of October 2010.

“Consumers continue to face higher fuel expenses, which continue to pinch their discretionary purchasing power,” the ICSC said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Retail Sales Up A Touch”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.