Consumer Spending Defies Inflation Fears, Jumps 0.7% in March In March, U.S. retail sales rose by 0.7%, surpassing expectations of a 0.3% increase despite concurrent rising inflation, according to the Commerce Department. This growth, although slower than February’s revised 0.9% rise, indicates that consumer spending remained robust. The consumer price index, as reported by the Labor Department, climbed 0.4% for the month, aligning with an annual inflation rate of 3.5%. However, the 4% annual increase in retail sales demonstrates that consumer spending outpaced inflation, suggesting a resilient economic demand amidst escalating prices. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ECB Resists Market Pressure for Interest Rate Cuts READ MORE Inflation's Persistence Creates Dilemma for Federal Reserve READ MORE Silver: "It's Time To BUCKLE UP" READ MORE Record Gold Prices Fuel Modern-Day Gold Rush READ MORE Banking Crisis 2.0? NYCB Stock Down 60% in One Week READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment