[JudyinCanada]

Oh lysie. That’s rough. I hope brighter days are ahead.

[gubamyster]

May retail sales unexpectedly decline as consumers confront sizzling hot inflation

Economists expected retail sales to rise modestly in May, despite sky-high inflation

By Megan Henney

FTA
U.S. consumers unexpectedly pulled back on spending in May as they confronted the hottest inflation in four decades.

Retail sales, a measure of how much consumers spent on a basket of goods ranging from cars to food and gasoline, fell 0.3% in May from the prior month, the Commerce Department said Wednesday. Economists surveyed by Refinitiv expected sales to rise 0.2%. It marked a noted slowdown from the gain of 0.7% gain in April.

https://www.foxbusiness.com/economy/may-retail-sales-fall-consumers-confront-sizzling-hot-inflation