Retail Sales Report Shows Billions In Extra Spending

The numbers show consumers are willing to spend despite rising inflation.

It's not officially the holiday shopping season yet, but consumers are getting an early start. 

"Not only are some of my presents purchased, but wrapped," Phyllis Montello said.

Consumers are spending. October retail sales soared an increase of $10.7 billion since last month — a 1.7% increase. The numbers show consumers are willing to spend despite rising inflation.