Retail sales were unchanged in April from March as inflation and interest rates curb spending

  • 📰 SooToday
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 85%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

NEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number following a revised 0.

NEW YORK — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome.

The data offers only a partial look at consumer spending because it excludes things like travel and lodging. However at restaurants, the lone service category tracked in the monthly retail sales report, sales rose 0.2% from March. Prices rose 0.3% from March to April, the Labor Department said Wednesday, down slightly from 0.4% the previous month. Measured year-over-year, inflation ticked down from 3.5% to 3.4%. And a measure of underlying inflation, which excludes volatile food and energy costs, also eased in April.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retail sales were unchanged in April from March as inflation and interest rates curb spendingNEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Retail sales up a strong 0.7% in March from February, underscoring resiliency of U.S. consumerA strong jobs market and rising wages have fuelled household spending, which also has become choppy in the face of rising credit costs and higher prices
Source: globeandmail - 🏆 5. / 92 Read more »