US retail sales increase again in April, partly lifted by higher prices
WASHINGTON, May 14 (Reuters) - U.S. retail sales increased further in April, but some of the rise in receipts was likely due to higher inflation as the war with Iran boosted prices of energy products and other commodities.
Retail TouchPoints
April Retail Sales Rise for Seventh Straight Month Despite Inflation
April retail sales increased even as inflation and high gas prices persisted. Most retail categories experienced gains, demonstrating strong consumer resilience. Mark Mathews, NRF Chief Economist, said higher-income earners continue to drive spending.
Detroit News
Retail sales increase again in April, partly lifted by higher prices
Washington — U.S. retail sales increased further in April, but some of the rise in receipts was likely due to higher inflation as the war with Iran boosted prices of energy products and other commodities. Retail sales rose 0.5% last month after a ...
Finance & Commerce
Retail sales, import prices surge as inflation pressures grow
WASHINGTON — U.S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts was due to soaring inflation amid the war with Iran. Rising price pressures were underscored by other data on Thursday showing ...