Retail Sales Rebound Slightly In April, As Consumers Keep Spending

April’s slight rebound further illustrates the difficulty the Federal Reserve has had in bringing inflation under control.

Compared to the prior year, sales were up 1.6% above April, 2022. Total sales, including food services, were $686.1 billion for April.

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Retail sales rise as job market remains strong. But is inflation slowing down?

Retail sales increased 0.4% in April from March when it was down 0.7%. It marked the first increase since January when unusually warm weather and a big jump in Social Security benefits likely spurred more spending.

'Inflation is cooling': Grocery costs slow, curbing stubbornly high consumer prices

Inflation slowed for a tenth straight month in April as another drop in grocery bills offset a rebound in gasoline costs, providing some relief to Americans squeezed by a two-year run-up in prices.