CNBC/NRF Retail Monitor Shows Sales Grew in April Despite High Gas Prices and Sustained Inflation
Retail sales rose for the seventh consecutive month in April even as gas prices rose and inflation remained stubborn, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation.“Retail sales continued to grow in April despite higher gas prices driven by the ongoing conflict in Iran, cautious consumer sentiment and the persistent concerns about sustained inflation,” NRF President and CEO Matthew Shay said. “Spending on household priorities remains solid, supported by a steady labor market...
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