Latest retail sales news a positive surprise
Americans picked up their spending a bit in August from July even as surging inflation on household necessities like rent and food took a toll on family budgets.
“August retail sales came in slightly ahead of expectations, but July sales were revised downward by a slightly greater margin," "The overall trend remains the same: Retail sales are growing, but mostly because of inflation. The year-over-year 9.1% increase isn’t nearly as impressive when you account for 8.3% inflation during the period .”
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