Braking Down The News

U.S. Retail Sales Rose 0.3% in August, Showing Resilience in Face of Inflation

Shoppers spent more on vehicles, groceries and clothing as gasoline prices eased

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Consumers spent at stores and restaurants at a steady pace last month, showing persistent demand despite high inflation.

Retail sales, a measure of spending at stores, online and in restaurants, rose 0.3% in August from the prior month, the Commerce Department said Thursday. The gain outpaced inflation and marked a reversal from July’s 0.4% decline.

 

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