U.S. retail sales rise 0.5% in April
financeMay 14, 202624266
Carl Quintanilla
@carlquintanilla.bsky.social
WASHINGTON (AP) - Retail sales rose 0.5% in April from March as the rising price of gas leaves less money for nonessential items. [inflation-adjusted: down 0.1%]
19445d ago
The inflation adjusted number is the more important number to feature. The increase was simply people spending more money on the same basket of items.
"Retail profits rose due to inflation."
feels like stagflation. This is brutal.