What: Deloitte expects holiday retail sales to have lower growth this year.

Why it is important: Retail sales are set to increase as a result of higher prices, which will allow for the potential to further drive e-commerce sales as consumers will look to online deals to maximize their spending.

As inflation increases, retailers can expect consumers to continue to shift how they spend their holiday budget this upcoming season; inflation will help raise dollar sales, but retailers will see less growth in sales volume.

Deloitte’s holiday shopping season predictions