Tag: inflation
Consumer Spending Stays Steady Despite Inflation
Consumer spending held up during June’s inflation surge, with retail sales rising slightly more than expected for the month amid rising prices, according to the Commerce Department.
NRF Says the Economy is ‘Being Rebalanced’
April retail sales as calculated by NRF were up 0.9 percent seasonally adjusted from March and 6.4 percent year over year.
Retail Sales Grew in April as Consumers Took Higher Prices in Stride
Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases.
NRF Reports that Economy Has Strong Momentum Despite Inflation and Ukraine
Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the US economy will continue to face uncertainties in the year ahead.
February Retail Sales Rose Strongly Year-Over-Year
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain.
Retail Sales Increase in January Despite Omicron and Inflation
Retail sales powered through COVID-19’s omicron variant, inflation, and other challenges to post strong increases in January, according to the NRF.
Economy Likely to Grow Even as Feds Work to Slow Inflation
The United States appears to be at the midpoint of an economic cycle that should continue to see growth, according to the NRF.