A local economist and the National Retail Federation say the Trump administration’s proposed tariff policies on $3 trillion of U.S. imports, which could boost domestic manufacturing and create more jobs, may also raise consumer prices.

The largest retail trade group in the United States says it expects consumers to spend more during the upcoming holiday season but the growth in sales to be slower than last year due to concerns over persistent inflation and prices.

The largest U.S. retail trade group is forecasting that the country's retail sales will increase anywhere between 2.5% and 3.5% this year.

Mastercard SpendingPulse said Tuesday that holiday sales rose this year.

The National Retail Federation has revised a report released in April that pulls back the claim that organized retail crime accounts for nearly half of overall industry shrink, which measures overall loss in inventory, including theft.

Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday.

The National Retail Federation, the nation’s largest retail trade group, expects shoppers will spend more this year than last year, but their spending pace will slow given all the economic uncertainty.

These are the estimates from the National Retail Federation.

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Sales growth for the holiday 2022 season slowed more than expected from its blistering pace a year ago as higher borrowing costs and higher inflation made shoppers pull back, according to the nation’s largest retail trade group.

Americans cut back on spending in December, the second consecutive month they’ve done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season.

Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season.

Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending measure.

On this year’s Black Friday, things almost seem normal.

The National Retail Federation said it anticipates 20% more shoppers than last year for the Thanksgiving through Cyber-Monday shop-a-thon stretch.

The National Retail Federation expects that holiday sales gain could shatter last year’s record-breaking season even as a snarled global supply chain slows the flow of goods and results in higher prices for broad range of items.

Whether it’s shortages that are driving up prices of certain items or enthusiasm for the day in general, one thing is clear: It looks like there will be a lot of money spent on Halloween this year.

The scariest thing this Halloween won’t be ghouls or goblins; instead, it may be checking your bank account balance after having purchased all of your holiday items.

Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods.

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The January spending increase followed two straight monthly spending drops that had raised concerns that consumers, who power most of the economy, were hunkered down, too anxious to travel, shop and spend. Consumers saved a significant chunk of their income last month: The personal savings rate jumped to 20.5% from 13.4% in December. It was the highest savings rate since May of last year in the aftermath of pandemic's eruption. AdGregory Daco, chief economist at Oxford Economics, said he thinks the high savings rate, combined with pent-up consumer demand and further federal aid, will lift economic growth this year to 7%. “The combination of a healthier economy and more government stimulus should generate a strong rebound by the middle of the year.”

A sale sign is displayed near the entrance of a Hallmark store Tuesday, Jan. 12, 2021, in Orlando, Fla. Retail sales fell for a third straight month, as a surge in virus cases kept people away from stores and restaurants during the holiday shopping season. The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December from the month before, a decline Wall Street analysts weren't expecting. The Commerce Department said sales even fell online, down nearly 6% after rising 19% for the year. At restaurants and bars, sales fell 4.5% in December as states restricted in-person dining, ending the year down 21%. The nation’s largest retail trade group said that when car, restaurant and gas sales are taken out, and when non-seasonably adjusted numbers are compared from a year ago instead of month to month, sales in November and December actually rose 8.3% from the year before.

SAN ANTONIO – Black Friday deals have been phased in throughout the month to allow for social distancing at stores, but some retailers are still holding their biggest sale of the year this Friday. The National Retail Federation says people are predicted to spend a little less than $1,000 on gifts this holiday season. The Better Business Bureau is offering the following tips for those who plan on shopping during this Black Friday:

NEW YORK – The National Retail Federation, the nation's largest retail trade group, expects that holiday sales could actually exceed growth seen in prior seasons, despite all the uncertainty surrounding the pandemic. Holiday sales have averaged gains of 3.5% over the past five years. Not included in total sales figure are sales from restaurants, gas stations and auto dealers. As calculated by NRF, sales rose 10.6% in October compared with October 2019, likely fueled in part by early holiday shopping. For the first ten months of this year, retail sales rose 6.4% compared with the first 10 months of 2019.