The Commerce Department released new retail data on Tuesday morning, revealing that consumer spending barely rose last month even as inflation moderated.
The National Retail Federation estimates retailers lost $100 billion last year to theft.
Americans pulled back on spending at retail stores in June, even as inflation showed welcome signs of slowing down. , a measure of how much consumers spent on a number of everyday goods, including cars, food and gasoline, rose just 0.2% in June, the Commerce Department said Tuesday. That is below both the 0.5% increase projected by Refinitiv economists and the 0.5% gain recorded in May.The figures are not adjusted for inflation.
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