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US Retail Sales Surge in May Despite High Gasoline Prices (opens original article in a new tab)

TL;DR

US retail sales surged in May with a 0.9% increase, showing resilient consumer demand despite high gasoline prices.

  • US retail sales increased 0.9% in May after a 0.4% rise in April
  • Consumer demand remained resilient despite high gasoline prices
  • Retail sales figures are not adjusted for inflation

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