Maine expected to mirror US spending bump during January omicron ease

Sara G. Norris

Retail sales rose 3.8 percent to almost $650 billion in January, compared with December, twice as high as many economists expected and reflecting a strong economy, according to federal data released Wednesday.

Maine shoppers will likely mirror national trends when January state data are released later this month. Tax revenues, which reflect sales, already showed a 23 percent rise at food stores and general merchandise establishments from November to December, Maine Office of Tax Policy data show. 

The national and local numbers indicate the economy has grown more resilient to the rapid changes and different variants of COVID-19 even as shoppers in Maine and across the country anticipate price rises linked to inflation and interest-rate hikes.

Maine expected to mirror US spending bump during January omicron ease

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