Retail sales jump more than expected in January, despite continuing inflation concerns
February 15, 2023
CNBC
Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3 percent, compared to expectations for a rise of 1.9 percent, the Commerce Department reported Wednesday. Excluding autos, sales increased 2.3 percent, according to the report, which is not adjusted for inflation. The ex-autos estimate was for a gain of 0.9 percent.
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