Retail Sales Surge Despite Inflation: February Rebound
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Retail sales rebounded in February, growing by 0.6% after a slight 0.1% decline in January, surpassing expectations. Clothing, electronics, and online sales saw increases, while restaurants also experienced a modest rise. Despite high inflation and rising gas prices, consumers displayed resilience, with gasoline reaching a four-year high of $4.06 per gallon. Diesel costs are surging even faster, potentially fueling inflation.
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