MarketWatch
US · 4 hrs ago
✦ 78◉ Centre
U.S. retail sales rise again, but higher gas prices and inflation play a big role
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U.S. retail sales increased for a third consecutive month in April, but gains were primarily driven by higher gasoline prices rather than increased consumer demand, with real spending adjusting for inflation remaining modest.
U.S. retail sales rise again, but higher gas prices and inflation play a big role
Sales at retailers rose in April for the third month in a row, but the increase stemmed in large part from drivers spending more on gasoline because of higher prices. Spending was on the softer side after adjusting for inflation.
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