Consumer spending remained strong during the holiday season despite elevated prices
Holiday crowds begin to gather in a shopping district at Rockefeller Center on the afternoon before Thanksgiving on November 26

By Alicia Wallace, CNN (CNN) — Consumers continued to ramp up their spending as the holiday shopping season kicked into high gear in November, but inflation continued to bite, new data showed Thursday. A shutdown-delayed report from the Commerce Department showed that spending rose 0.5% from October, above economists’ expectations for a 0.4% gain. Notably,

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