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 China Resumes Gold Buying READ MORE The Royal Mint’s Growing Interest in Singapore READ MORE Global Creditors Deeply Concerned with Debt Relief Ratings READ MORE The Commodities Feed: China Buys More Gold in February READ MORE Debt Service Costs Threaten Sustainable Development in Developing Countries READ MORE Add a Comment Cancel replyYour email address will not be published.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