Retail Sales Rose Faster Than Expected
The latest Census Bureau data shows 0.9% growth in retail sales in May, marking the fourth straight month of expansion and lifting total spending to $764 billion. Year-over-year, that is a whopping 6.9% jump.
Nominal figures show how much cash is changing hands, but inflation is doing the heavy lifting. Adjusted for rising prices, that 6.9% annual surge shrinks to a much lower, however, still respectable 2.6%.
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(Original air-date: 7/10/26)
