Retail sales growth accelerated to 12,3 percent year-on-year in November from 8,7 percent in October, backing the case for a February rate increase, official data showed yesterday. Consumer demand has been the main driver behind growth in the past few of years, but it has added to inflationary pressure and shows little sign of slowing despite higher interest rates. - Reuters
Retail sales growth accelerated to 12,3 percent year-on-year in November from 8,7 percent in October, backing the case for a February rate increase, official data showed yesterday. Consumer demand has been the main driver behind growth in the past few of years, but it has added to inflationary pressure and shows little sign of slowing despite higher interest rates. - Reuters
consumer demand still surging
Retail sales growth accelerated to 12,3 percent year-on-year in November from 8,7 percent in October, backing the case for a February rate increase, official data showed yesterday. Consumer demand has been the main driver behind growth in the past few of years, but it has added to inflationary pressure and shows little sign of slowing despite higher interest rates. - Reuters
Retail sales growth accelerated to 12,3 percent year-on-year in November from 8,7 percent in October, backing the case for a February rate increase, official data showed yesterday. Consumer demand has been the main driver behind growth in the past few of years, but it has added to inflationary pressure and shows little sign of slowing despite higher interest rates. - Reuters
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