Retail sales rise 0.6% in August as inflation on many items eases, but gas price hike boosts number
newscatcher
2023-09-14 13:42
Retail sales rise 0.6% in August as inflation on many items eases, but gas price hike boosts number
Shoppers stepped up their buying modestly as inflation on many items eased, but they still face a host of economic challenges over the next few months. Retail sales rose 0.6% in August, compared with a revised 0.5% increase in July, according to the report issued by the Commerce Department on Thursday. The numbers were propped up by a hike in gas prices. Excluding gas, sales rose just 0.2%. The post Retail sales rise 0.6% in August as inflation on many items eases, but gas price hike boosts number first appeared on myMotherLode.

https://www.mymotherlode.com/news/national/3227244/retail-sales-rise-0-6-in-august-as-inflation-on-many-items-eases-but-gas-price-hike-boosts-number.html

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