US Christmas prices will increase by 10% from last year

US Christmas prices will increase by 10% from last year

According to the latest survey of the National Retail Federation (NRF), this year's Thanksgiving weekend shopping crowd exceeded last year's average cost per person is estimated to increase by 6.4%, while department stores are the winners who attract the most consumers. In addition, on the occasion of Christmas in December, PNC Financial Services Group statistics, this year's Christmas price index will increase 10.8% over last year.

According to NRF statistics, the overall retail shopping crowd from November 25 Thanksgiving to 28 Sunday increased by 8.7 percent from the same period of 2009 to almost 212 million people.

During this four-day period, no matter if shopping on the Internet or in the store, it is estimated that the US will consume 45 billion U.S. dollars, up from 41.2 billion U.S. dollars last year. The NRF pointed out that the average cost per person this year has increased from US$343.31 in the previous year to US$365.34.

The NRF study also found that 52% of respondents indicated that they planned to purchase department stores this year, 49.4% a year ago. The clothing stores also poured into more shopping crowds, increasing from 22.9% a year ago to 24.4% this year.

Consumer spending accounts for 70% of the U.S. economy. Experts expect that people with more abundant purse strings will continue to consume, especially if these groups do not focus their spending on Black Friday after Thanksgiving.

In addition, according to statistics from the PNC Financial Services Group, the purchase of 364 items in the classic song "The Twelve Days of Christmas" this year would require a total of $98,224, up 10.8% from last year.

However, the PNC Group's investment chief pointed out that price increases are not always a bad thing. He said: "The good news is that the economy is improving and it is starting to see some prices slowly pick up."


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