US retail sales increased by 1.7% in October, higher than market expectations

US retail sales increased by 1.7% in October, higher than market expectations

  Specifically, the online sales volume increased by 4%, year-on-year growth rate; the rise in oil prices increased by the increase in gasoline sales, year-on-year increased, and the food and beverage sales were flat, the same year-on-year increased., Increased year-on-year.The US Department of Labor announced on the 10th of this month showed that the US consumer price index rose year-on-year in October, creating the highest growth since 1990, including fuel, cars, food and other prices rose.The American media analysis believes that the remaining reasons for retail sales in October on the same day is caused by prices, but it also shows that the price increase does not hinder the enthusiasm of the American people.The wage rising in the job market, as well as the deposit accumulated during the epidemic promoted consumption.