Up 0.9% vs 1.0% Estimate


A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.

Jim Watson | AFP | Getty Images

Consumers kept spending in April, with retail sales rising about in line with Wall Street expectations despite an ongoing surge in prices.

Monthly sales rose 0.9% overall, just below the Dow Jones estimate for a 1% increase, the Commerce Department reported Tuesday. Excluding autos, sales increased 0.6%, which was better than the 0.4% estimate.

The numbers are not adjusted for inflation, so they are indicative both of sustained spending as well as the fastest acceleration in…


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