Consumer spending is challenged by high inflation as retail sales fall
Eight of 13 categories recorded fewer sales last month
U.S. retail sales fell in February after a surge in the prior month, suggesting consumer spending, while holding up, is getting challenged by high inflation. The value of overall retail purchases decreased 0.4% after a revised 3.2% advance in January, Commerce Department data showed Wednesday. Excluding gasoline and autos, retail sales were flat. The figures […]
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