United States retail sales rose 0.9 percent in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists at nearly a 40-year high.
The increase was driven by greater sales of cars, electronics, and at restaurants, the Department of Commerce said Tuesday.
Even adjusting for inflation, which was 0.3 percent on a monthly basis in April, sales increased. Petrol prices fell slightly last month, restraining inflation, after soaring in March in the aftermath of Russia’s invasion of Ukraine.
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