Americans Cut Back on Spending With Inflation Hitting Holidays

Higher prices are hitting shoppers hard as 2022 comes to a close.

Claire Ballentine

13 Dec 2022, 12:18 AM IST

Shoppers look at festive decorations and toys at a stall in the Christmas market in Munich, Germany, on Friday, Dec. 9, 2022. Despite slowing, inflation in the 19-nation euro area remains five times the 2% goal. Photographer: Michaela Rehle/Bloomberg

(Bloomberg) -- The gift that no one wants but everyone is getting this year? Inflation.

Americans Cut Back on Spending With Inflation Hitting Holidays

Higher prices are hitting shoppers hard as 2022 comes to a close.

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