US retail sales rise 0.9% in April in face of sky-high inflation
2 years, 7 months ago

US retail sales rise 0.9% in April in face of sky-high inflation

Al Jazeera  

The increase in retail sales was driven by greater sales of cars, electronics, and at restaurants, the US Department of Commerce. United States retail sales rose 0.9 percent in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists at nearly a 40-year high. Even adjusting for inflation, which was 0.3 percent on a monthly basis in April, sales increased. Strong hiring, rapid wage increases, and a healthy level of savings — on average — have bolstered consumers’ financial health, despite a sharp increase in consumer prices of 8.3 percent in April compared with a year ago.

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History of this topic

US consumer price increases accelerated last month with inflation pressures resilient
3 weeks, 6 days ago

US consumer price increases accelerated last month with inflation pressures resilient

Associated Press  

WASHINGTON — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled in recent months. According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Yet excluding the volatile food and energy categories, so-called “core” prices also …

Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 1 week ago

Retail sales up solidly in October as Americans showed continued willingness to spend

Associated Press  

WASHINGTON — Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. “People may not love how much it costs to go …

Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 1 week ago

Retail sales up solidly in October as Americans showed continued willingness to spend

LA Times  

Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. Sales in some categories fell — furniture stores, clothing outlets and drug …

Retail sales rise in August despite hit to consumer confidence
3 months ago

Retail sales rise in August despite hit to consumer confidence

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy British retailers saw sales rise …

U.S. retail sales ticked up last month in sign of ongoing consumer resilience
3 months, 1 week ago

U.S. retail sales ticked up last month in sign of ongoing consumer resilience

LA Times  

Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate. Retail sales ticked up 0.1% from July to August, after jumping the most in a year and a half the previous month, the Commerce Department said Tuesday. Average paychecks, particularly …

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
3 months, 1 week ago

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates

Hindustan Times  

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, so-called core prices rose 3.2% in August from a year ago, the same as in July. A key reason for last month's drop …

U.S. shoppers sharply boosted spending at retailers in July despite higher prices
4 months, 1 week ago

U.S. shoppers sharply boosted spending at retailers in July despite higher prices

LA Times  

Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined …

This Week: Consumer price index, retail sales, housing starts
4 months, 1 week ago

This Week: Consumer price index, retail sales, housing starts

Associated Press  

A look at some of the key business events and economic indicators upcoming this week. Economists predict the consumer price index rose 3% in July from as year earlier, matching June’s pace. Consumer price index, annual percent change, not seasonally adjusted: Feb. 3.2 March 3.5 April 3.4 May 3.3 June 3.0 July 3.0 Source: FactSet SIZING UP RETAIL SALES The …

US wholesale inflation picked up in June in sign that some price pressures remain elevated
5 months, 1 week ago

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Associated Press  

WASHINGTON — Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain high. The Labor Department said Friday that its producer price index — which tracks inflation before it reaches consumers — rose 0.2% from May to June after being unchanged the month before. The increase …

Ongoing sales have boosted spending during a cost-of-living crisis. Will shoppers pay the price with an interest rate rise?
5 months, 2 weeks ago

Ongoing sales have boosted spending during a cost-of-living crisis. Will shoppers pay the price with an interest rate rise?

ABC  

Australia's struggling retail sector has been given a glimmer of hope, with rolling sales encouraging shoppers to spend — but economists warn that it may come with the price of another interest rate hike by the Reserve Bank. The recent jump in retail spending, boosted by clothing and footwear retailers offering big discounts and earlier-than-usual sales seasons, has increased expectations …

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
6 months ago

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

Associated Press  

NEW YORK — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Earlier this month, the government reported that America’s employers added a robust 272,000 jobs in May, accelerating from April and an indicator that companies are still bullish enough in the economy to keep hiring …

This Week: Existing home sales, retail data for May and Kroger’s first-quarter results
6 months, 1 week ago

This Week: Existing home sales, retail data for May and Kroger’s first-quarter results

Associated Press  

A look at some of the key business events and economic indicators upcoming this week: RETAIL RECEIPTS The Commerce Department on Tuesday reports retail sales data for May. Retail sales, monthly percent change, seasonally adjusted: Dec.: 0.4 Jan.: -1.1 Feb.: 0.7 March: 0.7 April: 0.0 May : 0.3 Source: FactSet KROGER RESULTS Grocery chain Kroger reports its first-quarter sales and …

Discounting is back in fashion, as Americans get tired of paying more
6 months, 3 weeks ago

Discounting is back in fashion, as Americans get tired of paying more

NPR  

Discounting is back in fashion, as Americans get tired of paying more toggle caption Scott Olson/Getty Images After two years of paying more for things, Americans are growing more cautious about how they spend their money and are forcing retailers to offer more discounts. “It’s a cautious consumer,” said CEO Todd Vasos, describing Dollar General's typical shopper. That newfound caution …

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools
6 months, 3 weeks ago

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools

Hindustan Times  

The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer and equipment spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates before the end of the year. Details of the report showed that consumer spending growth, revised down by 0.5 …

Retail sales were unchanged in April from March as inflation and interest rates curb spending
7 months, 1 week ago

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

Associated Press  

NEW YORK — Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. Retail sales were unchanged, coming in well below economists’ expectations, and follow a revised 0.6% pace in March, according to Commerce Department data released Wednesday. The retail sales figure came out on the …

Wholesale price increases accelerated in April as inflation remains sticky
7 months, 1 week ago

Wholesale price increases accelerated in April as inflation remains sticky

Associated Press  

WASHINGTON — U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year. The Labor Department said Tuesday that its producer price index — which tracks price changes before they reach consumers — climbed 0.5% from March to April, after it dipped 0.1% the previous …

Hopes of Easter bounce for shops are dashed as retail sales flatline with Brits still struggling to cope with high food costs
8 months ago

Hopes of Easter bounce for shops are dashed as retail sales flatline with Brits still struggling to cope with high food costs

Daily Mail  

Hopes of an Easter bounce for shops have been dashed after retail sales flatlined last month. In a small bright spot, February's retail sales data was revised up from a previous estimate of zero growth to 0.1 per cent. ONS senior statistician Heather Bovill said: 'Retail sales registered no growth in March. 'However, these gains were offset by falling food …

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
8 months, 1 week ago

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful

Associated Press  

NEW YORK — Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month — almost double what economists had forecast — after rising 0.9% in February, according to Commerce Department data released Monday. This is one of the strongest retail sales reports we’ve …

US wholesale prices picked up in February in sign that inflation pressures remain elevated
9 months, 1 week ago

US wholesale prices picked up in February in sign that inflation pressures remain elevated

Associated Press  

WASHINGTON — Wholesale prices in the United States accelerated again in February, the latest sign that inflation pressures in the economy remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden administration would like. The Labor Department said Thursday that its producer price index — which tracks inflation before it reaches …

February retail sales up 0.6%, yet fissures emerge in what has been a driving force for US economy
9 months, 1 week ago

February retail sales up 0.6%, yet fissures emerge in what has been a driving force for US economy

Associated Press  

NEW YORK — Americans picked up their spending a bit in February after pulling back the previous month. Retail sales rose 0.6% last month after falling a revised 1.1% in January, dragged down in part by inclement weather, according to the Commerce Department’s report on Thursday. February’s number was also lifted in part by higher gas prices as well as …

US inflation up again in February in latest sign that price pressures remain elevated
9 months, 1 week ago

US inflation up again in February in latest sign that price pressures remain elevated

Associated Press  

WASHINGTON — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting on a steady easing of price pressures this year. Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%, …

US wholesale inflation accelerated in January in latest sign that prices picked up last month
10 months, 1 week ago

US wholesale inflation accelerated in January in latest sign that prices picked up last month

Associated Press  

WASHINGTON — Wholesale prices in the United States picked up in January, the latest sign that some inflation pressures in the economy remain elevated. Fed officials have expressed optimism that inflation is headed lower, and in December they forecast that they would cut their benchmark rate three times this year. Austan Goolsbee, president of the Chicago Fed, said Wednesday that …

America’s economy slowed—it probably won’t stumble
10 months, 1 week ago

America’s economy slowed—it probably won’t stumble

Live Mint  

The U.S. economy took a breather in January following brisk growth at the end of last year, but it remains fundamentally healthy. Technical issues with how the retail sales data was seasonally adjusted might have weighed on the reading, and cold weather in January likely had an impact on both retail sales and industrial production. Within the retail sales report, …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
10 months, 1 week ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
10 months, 4 weeks ago

US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience

Associated Press  

WASHINGTON — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated …

Retail sales up strongly in December as Americans showed continued willingness to spend
11 months, 1 week ago

Retail sales up strongly in December as Americans showed continued willingness to spend

Associated Press  

NEW YORK — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely. Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% …

Grocery inflation sees fastest monthly drop as households spend all-time high
11 months, 3 weeks ago

Grocery inflation sees fastest monthly drop as households spend all-time high

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Supermarket inflation has seen its …

Americans ramped up spending during the holidays despite some financial anxiety and higher costs
11 months, 4 weeks ago

Americans ramped up spending during the holidays despite some financial anxiety and higher costs

Associated Press  

NEW YORK — Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according to the latest measure. This year’s sales are more in line with what is typical during the holiday season, however, after a surge in spending last year during the …

Black Friday boosts retailers with sales surging in November despite fears of a tough Christmas for many shops
1 year ago

Black Friday boosts retailers with sales surging in November despite fears of a tough Christmas for many shops

Daily Mail  

Black Friday boosted shops last month with retail sales surging far more than expected. The ONS also revised data for October upwards, reporting that there was zero growth in retail sales rather than the 0.3 per cent fall previously estimated. Volumes were up 1.3 per cent in November as Brits sought out bargains, significantly better than the 0.4 per cent …

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants
1 year ago

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants

Associated Press  

NEW YORK — Americans picked up their spending from October to November unexpectedly as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. “While consumers continue to face hurdles from higher borrowing costs, tighter credit conditions and elevated prices, a still-strong labor market, a positive trend in incomes and an easing in price pressures should …

Retail sales rise 0.3% in November as Americans hit gas rather than brakes on spending
1 year ago

Retail sales rise 0.3% in November as Americans hit gas rather than brakes on spending

LA Times  

Despite elevated prices, consumers kicked off the holiday shopping season by keeping up their spending momentum, according to Commerce Department data released Thursday. Americans unexpectedly picked up their spending from October to November as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. Yet the National Retail Federation, the nation’s largest retail trade group, still …

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease
1 year ago

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Associated Press  

Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy’s pipeline are continuing to gradually ease. The Labor Department reported Wednesday that its producer price index — which tracks inflation before it reaches consumers — was flat from October to November after having fallen 0.4% the month before. Excluding volatile food and energy …

Retail sales slip in October as consumers pull back after summer splurges
1 year, 1 month ago

Retail sales slip in October as consumers pull back after summer splurges

Associated Press  

NEW YORK — Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars. Retail sales fell 0.1% last month after jumping a strong 0.9% in September, according to a report released Wednesday by the Commerce Department. Most retail categories reported a drop …

Retail sales slip in October as consumers pull back after summer splurges
1 year, 1 month ago

Retail sales slip in October as consumers pull back after summer splurges

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Americans cut back on retail …

After a summer of splurging, Americans start to pull back on spending
1 year, 1 month ago

After a summer of splurging, Americans start to pull back on spending

LA Times  

A customer browses the holiday lights at a store in Charlotte, N.C. Economists forecast a slowdown in consumer spending in the final three months of the year, as credit card debt and deliquencies rise, and average savings fall. Consumer spending jumped in the July-September quarter, but economists forecast it will slow in the final three months of the year, as …

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago
1 year, 1 month ago

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago

Associated Press  

NEW YORK — The National Retail Federation, the nation’s largest retail trade group, expects shoppers will spend more this year than last year, but their spending pace will slow given all the economic uncertainty. The group forecast Thursday that U.S. holiday sales will rise 3% to 4% for November through December, compared with a 5.4% growth of a year ago. …

US economy grows at its fastest rate in TWO YEARS after households splashed out on Taylor Swift concerts and Barbie tickets - but experts warn trend is finally starting to slow
1 year, 1 month ago

US economy grows at its fastest rate in TWO YEARS after households splashed out on Taylor Swift concerts and Barbie tickets - but experts warn trend is finally starting to slow

Daily Mail  

That is the highest growth in almost two years - spurred by consumer spending US GDP accelerated 4.9 percent in Q3, according to the Commerce Department The US economy grew last quarter at its fastest rate in nearly two years thanks to a surge in consumer spending. Consumer spending was up 4 percent, up from just 0.8 percent last quarter, …

Retail sales rise solid 0.7% in September, reflecting US shoppers’ resilience despite higher prices
1 year, 2 months ago

Retail sales rise solid 0.7% in September, reflecting US shoppers’ resilience despite higher prices

Associated Press  

NEW YORK — Americans showed their steadfast resilience and kept spending online, at restaurants and other outlets in September even as they grappled with higher prices, rising interest rates and a host of other headwinds piling up. Tuesday’s sales figures aren’t adjusted for inflation, but the cost of goods barely rose last month, so the increased spending isn’t a reflection …

Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest rates
1 year, 2 months ago

Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Despite higher prices, American shoppers keep spending
1 year, 2 months ago

Despite higher prices, American shoppers keep spending

LA Times  

A man looks at the Apple’s new iPhone 15 models last month in Los Angeles. A closely watched category of retail sales that excludes auto dealers, gas stations and building materials and feeds into the gross domestic product jumped 0.6% last month compared to the prior month. “Fed officials have another rate hike this year up on their forecast board, …

Retail sales rise 0.6% in August largely due to a spike in gas prices
1 year, 3 months ago

Retail sales rise 0.6% in August largely due to a spike in gas prices

Associated Press  

NEW YORK — Americans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school. Retail sales rose 0.6% in August, compared with a revised 0.5% increase in July, according to a report issued by the Commerce Department on Thursday. The big rise in …

Retail sales rose solidly last month in a sign that consumers are still spending freely
1 year, 4 months ago

Retail sales rose solidly last month in a sign that consumers are still spending freely

Associated Press  

NEW YORK — Americans increased their purchases at retailers last month – for clothing, dining out, online goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy. Analysts noted that spending on Amazon Prime Day, the online juggernaut’s big two-day sales event that took place earlier last month, also helped boost …

Consumers keep spending freely, powering a resilient economy
1 year, 4 months ago

Consumers keep spending freely, powering a resilient economy

LA Times  

Items are displayed in a boutique along Tennyson Street in Denver. Americans increased their purchases at retailers last month — for clothing, dining out, online goods and other items — in a sign that solid consumer spending is still powering a resilient U.S. economy. Analysts noted that spending on Amazon Prime Day, the online juggernaut’s big two-day sales event that …

Retail inflation surges to 7.44% in July
1 year, 4 months ago

Retail inflation surges to 7.44% in July

The Hindu  

Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. Wholesale prices Wholesale prices remained in deflationary mode for the fourth month in a row in July, but prices of food and primary articles spiked by over 7.5%, narrowing the overall price dip sharply to -1.36% from the …

Americans bump up spending in June as inflation eases in a strong jobs market
1 year, 5 months ago

Americans bump up spending in June as inflation eases in a strong jobs market

Associated Press  

NEW YORK — Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong. That gave companies “abnormal power to push up prices’’ and pass higher costs along to consumers – clout they hadn’t had for decades, Simon MacAdam, senior global economist at Capital Economics, wrote last month. Conagra Brands, which makes …

Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates
1 year, 6 months ago

Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates

Associated Press  

NEW YORK — Americans increased their spending at retailers last month despite pressure from still-high inflation and rising borrowing costs. Thursday’s report from the Commerce Department showed that retail sales rose 0.3% from April to May, boosted by stronger sales of auto and parts dealers. The latest retail sales data follow a government report this week that consumer inflation eased …

Inflation measure closely tracked by US Fed rose in April
1 year, 6 months ago

Inflation measure closely tracked by US Fed rose in April

Al Jazeera  

A key index of United States prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which is called personal consumption expenditures price index and is closely monitored by the Federal Reserve, showed that prices rose 0.4 percent from March to April. But a vocal group among the Fed’s …

Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas
1 year, 7 months ago

Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas

Associated Press  

NEW YORK — Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things. That is the first retail sales increase since January, when unusually warm weather and a big jump in Social Security benefits juiced spending. Retail sales data from the U.S. …

Retail inflation eases to 4.7% in April
1 year, 7 months ago

Retail inflation eases to 4.7% in April

The Hindu  

India’s retail inflation slid to an 18-month low of 4.7% in April, staying below the Reserve Bank of India’s 6% tolerance threshold for price rise for the second successive month, aided by the base effects from last April when it had hit an eight-year high of 7.8%. “The 4.7% inflation print in April not only benefited from the high base …

US wholesale price April data points to easing inflation pressure
1 year, 7 months ago

US wholesale price April data points to easing inflation pressure

Al Jazeera  

Wholesale prices in the United States rose modestly last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates. From March to April, the government’s producer price index rose just 0.2 percent after falling 0.4 percent from February to March, held down by …

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