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 ZeroHedge: Time to Bet Against Banks READ MORE African Nations Intensify Efforts Against Speculative Currency Trading READ MORE Housing Costs Defy Inflation Trends, Challenging Federal Reserve's Targets READ MORE Could Redditors Trigger the Silver Squeeze 2.0? READ MORE Citigroup and BofA Bullish on Gold: Analysts Predict 25% Surge to $3,000 READ MORE Add a Comment Cancel replyYour email address will not be published.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