Xmas sour note

Expect a little less ho-ho-ho this holiday season.

Consumers will likely spend at a slower rate in November and December, with retail sales rising 3.7 percent, according to a new report. Sales gained 4 percent in 2014.

“We are in a deflationary retail environment,” said Kathy Grannis Allen, a spokeswoman for the National Retail Federation, which fingered weak job and income growth and flat consumer prices for the slowdown in its report.

“Retailers are talking about doing their door-buster sales — like a 46-inch TV for $300 — two weeks earlier than last year, on Nov. 1, just to get people into their stores,” said Jeff Green of Jeff Green Partners.

Shop! Retailers could be excused for trying to get Santaclad Katy Perry to perform at their malls in an attempt to boost holiday shopping.