June retail sales climb more than expected as Americans confront searing-hot inflation

• July 15, 2022
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Americans ramped up their spending at retail stores in June, a sign that consumers are still opening their wallets even as inflation persists at a 40-year high.

Retail sales, a measure of how much consumers spent on a number of everyday goods, including cars, food and gasoline, rose 1% in June from the prior month, the Commerce Department said Friday, beating expectations from Refinitiv economists.