U.S. Retail Sales Post a Solid Gain in April, But Higher Prices a Factor

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Retail and food services sales rose 0.5% month-over-month (m/m) in April, in line with consensus expectations. However, sales gains were largely due to higher prices, with inflation picking up in April, real retail and food services sales fell 0.2% m/m. To no surprise, higher gasoline prices were part of the story, with sales at gasoline […]The post U.S. Retail Sales Post a Solid Gain in April, But Higher Prices a Factor appeared first on ActionForex.