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Economics3h 22m ago

Americans increased their spending in May despite renewed pressure from inflation and higher gas prices.

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U.S.

Who
Americans, Heather Long
What
Americans increased their spending in May despite renewed pressure from inflation and higher gas prices.
When
Wed, 17 Jun 2026 17:09:32 GMT · 3h 22m ago
Where
U.S. ·
Why
Consumer spending increased in May due to factors such as warmer weather, larger tax refunds, and resilience from U.S. consumers adjusting their spending priorities.
The Frontline Impact

How this affects you

U.S. consumer spending, a primary driver of the U.S. economy, saw a 0.9% increase in May, exceeding expectations despite inflation and higher gas prices; while it signals resilience, some of this increase reflects higher prices rather than more purchases.

Story chain

6 events in this thread
  1. Economics3h 22m ago
    Americans increased their spending in May and retail sales climbed 0.9% last month.
    Open article
  2. Economics3h 22m ago
    Retail sales climbed 0.9% in May, surpassing expectations, despite renewed pressure from inflation and higher gas prices.
    Open article
  3. Economics3h 22m ago
    Americans increased their spending in May, with retail sales climbing 0.9%, despite pressure from inflation and higher gas prices.
    Open article
  4. Currently Reading3h 22m ago
    Americans increased their spending in May despite renewed pressure from inflation and higher gas prices.
  5. Economics3h 22m ago
    Retail sales climbed 0.9% last month, beating expectations and improving from a 0.4% increase in April.
    Open article
  6. Economics4h 4m ago
    U.S. retail sales increased more than expected in May, with households boosting purchases of motor vehicles even as they paid more for gasoline.
    Open article

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