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US Retail Sales Rise for Third Month Despite Gas Price Surge
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US Retail Sales Rise for Third Month Despite Gas Price Surge

Bloomberg.com·Julia Fanzeres·18 days ago
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US retail sales advanced for a third month in April, pointing to some signs of consumer resilience despite sharply higher gasoline prices.

The value of retail purchases increased 0.5% last month after a revised 1.6% gain in March, Commerce Department data showed Thursday. Because the figures aren’t adjusted for inflation, an increase could reflect higher prices rather than more sales volumes.

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