activity. reporter: last month, retail sales beat expectations, up 1.3% in october. but this month consumer sentiment fell. still, higher prices haven t stopped some people from shopping. has that impacted the way you re going to spend this holiday season? for me, not really because i try not to overspend anyway. so even before this is going on, i try not to exceed what i can do. reporter: and according to the national retail federation, while online sales are expected to increase this year, a return to in-store shopping will make up a larger portion of all holiday sales. i kind of, like, in person more. reporter: why is that? i don t know. it s just more of the feel of being able to touch it, become able to see it, try it on for the stores that you re allowed to, and then being amongst everybody else.
sales beat expectations. up 1.3% in october. but this month consumer sentiment fell. still, higher prices haven t stopped some people from shopping. reporter: has that impacted the way you re going to shop this holiday season? for me, not really because i try not to overspend anyways so even before this was going on i try not to exceed what i can do. reporter: and according to the national retail federation, while online sales are expected to increase this year, the return to in-store shopping will make up a larger portion of all holiday sales. i kind of like in person more. reporter: you do. why is that? i don t know. it s more of the feel of being able to touch it, being able to see it, try it on with the stores that you are allowed to. then being amongst everybody else. reporter: it s that holiday nostalgia that they say will help this year s holiday season
i ve had to cut back on shopping. i do have three girls, they do understand that times are heart right now, and it s just me being a single mom. reporter: the national retail federation estimates that nearly 8 million more people will shock between black friday and cybermonday and spend up to 8% more than last year. we re looking at records in all categories. it s remarkable in the face of the pressures, that consumers are still finding a way to drive economic activity. reporter: last metropolitan, retail sales beat expectations, up 1.3% in october, but this month, consumer sentiment fell. still, higher prices haven t shopped some people from shopping has that impacted the way you re going to spend this holiday season? for me, not really.
between black friday and cyber monday and spend up to 8% more this year than last year. looking at records in all categories. it is remarkable in the face of the cost and price pressures that consumers are still finding a way to increase their spending, power the economy, drive economic activity. reporter: last month retail sales beat expectations. up 1.3% in october. but this month consumer sentiment fell. still, higher prices haven t stopped some people from shopping. has that impacted the way you re going to spend this holiday season? for me, not really because i try not to overspend anyways. so even before this is going on, i try not to exceed what i can do. reporter: and according to the national retail federation, while online sales are expected to increase this year, a return to instore shopping will make up a larger portion of all holiday
thank you for being with us. dominic, gas prices, grocery prices, housing prices, the price of eggs, the price of chicken, the price of food, the price of maet, the price of vegetables all going up. what sort of economic environment is the president trying to address? it s the worst inflationary environment in 40 years, jose. that s the point. unfortunately this isn t something that you want to see on your watch, especially if you re the president of the united states, but there s a real question as to how much a president can do to address those issues as peter points out. we ve seen those steps being taken. we ve seen those steps that he ll play out today, including releasing more oil from the strategic petroleum reserve. those constraints are only part of the story. you have a lot more people demanding things like fuel, demanding things like food. those higher prices haven t yet started to impact people s