According to data from the US Bureau of Labor Statistics, non-farm payroll employment rose by more than $500,000 in January. The inflation rate slowed slightly last month, but the Kentucky Retail Federation said it hasn’t seen any drastic changes.
Steve McClain, with the Kentucky Retail Federation said they saw holiday sales go up last year, but not as much as many experts predicted.
“The cost of getting goods is still stubbornly high right now.” McClain said. “Consumers have been surprisingly resilient even as costs have gone up last year, and even though they were more cautious, they were still spending.”
Calypso Boutique in Lexington deals with a lot of expenses as a small, local business. Shelby Hatchett, with Calypso Boutique, said regardless of high vendor prices, they still get business in store and online.
