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By Anne D'Innocenzio, Paul Wiseman and Dee-Ann Durbin | The Associated Press Shoppers glide past a display of big-screen televisions in a Costco warehouse
NEW YORK - Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong.Retail sales rose 0.2% from May to June, following a revised 0.5% increase the previous month, the Commerce Department reported Tuesday.The figure matched the pace
We Increase June Spending As Inflation Eases In Some Areas
Retail sales rose 0.2% from May to June, following a revised 0.5% increase the previous month, the Commerce Department reported Tuesday. The figure matched the pace of consumer inflation in June from the prior month, underscoring that shoppers are just about keeping up with pricing pressures. Shoppers increased spending at electronic stores and furniture and home furnishings stores after a recent pullback.
The American consumer is still spending.