Tax refunds help to lift US retail sales; drag from rising inflation looms - Reuters

<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxNQ0phdlQ4eEthdHBNek91YXJkMjRvZWxrd3Y0WHI0OW00UktjV0NqZndITjFBb2d2cnJBZHN5UVNUX1puUXNNVG9EYjE1V3FDVldmQ09randoSzNjQlJYei12LWc0ek43UzZwYm9hajBGc09pcWxMemU5NW10VGZMaW5MWVo5eXJoVWttY1BHSXJNNUpMU1UxeEttOXpWSUVCZW1ROFhqUzFuWGJ1NV8yTnFR?oc=5" target="_blank">Tax refunds help to lift US retail sales; drag from rising inflation looms</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

U.S. retail sales increased for the third consecutive month in April, partly due to larger tax refunds and strong stock market gains, though rising inflation poses a potential drag on future spending.

Retail sales rose 0.5% in April, a slowdown from March's 1.6% increase, as higher gas prices limited spending on non-essential items, despite tax refunds providing some relief.

U.S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts was due to a sharp rise in inflation since the start of the U.S.-backed war with Iran.

U.S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts was due to soaring inflation amid the war with Iran.

U.S. retail sales increased for the third consecutive month in April, partly driven by high inflation linked to geopolitical tensions. Despite larger tax refunds and a robust stock market, surging prices outpaced wage growth, leading economists to predict a potential decline in consumer spending.