46
Economics3h 30m ago

Americans increased their spending in May, with retail sales climbing 0.9%, despite pressure from inflation and higher gas prices.

Archive Window: 30 Days Left

U.S.

Who
Americans, Heather Long
What
Americans increased their spending in May, with retail sales climbing 0.9%, despite pressure from inflation and higher gas prices.
When
Wed, 17 Jun 2026 17:09:32 GMT · 3h 30m ago
Where
U.S. ·
Why
Consumer spending increased due to factors like warmer weather, larger tax refunds, and a significant boost from gas station sales.
The Frontline Impact

How this affects you

Despite elevated inflation and rising gas prices, U.S. consumer spending remains robust, indicating consumer resilience but also reflecting that some retail sales increases are due to higher prices rather than more purchases. This continued spending influences the Federal Reserve's cautious approach to interest rates.

Story chain

6 events in this thread
  1. Economics3h 30m ago
    Americans increased their spending in May and retail sales climbed 0.9% last month.
    Open article
  2. Economics3h 30m ago
    Retail sales climbed 0.9% in May, surpassing expectations, despite renewed pressure from inflation and higher gas prices.
    Open article
  3. Currently Reading3h 30m ago
    Americans increased their spending in May, with retail sales climbing 0.9%, despite pressure from inflation and higher gas prices.
  4. Economics3h 30m ago
    Americans increased their spending in May despite renewed pressure from inflation and higher gas prices.
    Open article
  5. Economics3h 30m ago
    Retail sales climbed 0.9% last month, beating expectations and improving from a 0.4% increase in April.
    Open article
  6. Economics4h 12m 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

Verified Sources & Citations