Consumers remained resilient in June as inflation climbed higher and drove up prices across the board.Retail sales increased 0.6% in June from May and were up 5.8% year over year, according to the National Retail Federation, whose
calculation excludes automobile dealers, gasoline stations. In May, sales were down 0.3% month over month and up 6.3% year over year.
“Inflation remains a challenge to consumers trying to make ends meet and will continue to be an issue even if it cools down in the months ahead,” said NRF chief economist Jack Kleinhenz. “Despite that, consumers are holding up notably well and continuing to spend.”...
RSK: Read at the bottom and see which sectors were up and which were down....that is telling the real story.
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- - Volume: 10 - WEEK: 31 Date: 7/26/2022 11:02:29 AM -