Retail Spending to Reflect Impact of Lower Gas Prices

Retail Spending to Reflect Impact of Lower Gas Prices

This post was originally published on this siteAs the Commerce Department releases its monthly report, economists estimate shoppers increased spending modestly with fuel taking up a smaller share of costs.

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Retail sales rose 1 percent in June after May dip

Retail sales rose 1 percent in June after May dip

This post was originally published on this siteRetail sales picked back up in June after falling in May in the face of rapid price increases, according to data released Friday by the Census Bureau. U.S. retailers, restaurants and bars made $680.6 billion in sales last month, up 1 percent from...

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Retail Sales Fell 0.3% in May

Retail Sales Fell 0.3% in May

This post was originally published on this siteRetail spending fell in May, amid high inflation, rising interest rates and weakening consumer confidence.

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Americans keep spending despite record inflation squeeze

Americans keep spending despite record inflation squeeze

This post was originally published on this siteDespite high inflation, rising gas prices, deepening concern about the economy and rising recession risks, Americans keep spending money. Stocks have fallen sharply over the past week as Wall Street frets over a likely dip in consumer spending. Polls of consumer sentiment have...

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Consumers’ Shift to Travel, Dining Out Boosted March Spending, Economists Estimate

Consumers’ Shift to Travel, Dining Out Boosted March Spending, Economists Estimate

This post was originally published on this siteConsumer spending is estimated by economists to have accelerated in March as rising wages propelled Americans to spend more on services like dining out and travel.

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High prices, fewer choices: Inventory of summer goods is OK, but supply chain troubles loom

High prices, fewer choices: Inventory of summer goods is OK, but supply chain troubles loom

This post was originally published on this siteRetail inventories are set for summer, but beyond that, new supply chain strains are clouding the inventory and inflation outlook for the second half.     

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Consumer confidence unexpectedly rose in March despite inflation

Consumer confidence unexpectedly rose in March despite inflation

This post was originally published on this siteConsumer confidence went up in March despite inflation that has become a top worry for Americans. The Conference Board’s index found consumer confidence rose to 107.2 in a report on Tuesday, Bloomberg reported.In February, consumer…

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US consumer prices hit new 40-year high as Ukraine shock looms

US consumer prices hit new 40-year high as Ukraine shock looms

This post was originally published on this site US consumer prices hit a new 40-year high last month as the world’s largest economy continued to be battered by a surge of inflation, which the fallout from Russia’s invasion of Ukraine is expected to worsen. The consumer price index (CPI) was...

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Russia’s Invasion of Ukraine Threatens Further Hikes in Food Prices

Russia’s Invasion of Ukraine Threatens Further Hikes in Food Prices

This post was originally published on this site  Even before Russia invaded Ukraine, food prices were spiking around the world because of supply chain disruptions. A combination of always unpredictable nature, bad policy, and busted supply chains (also largely from policy decisions) hiked the cost of fertilizer for farmers. That...

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