March Retail Sales Exceeded Expectations from below 15 Watch Video

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✓ Published: 17-Apr-2024

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March Retail Sales , Exceeded Expectations.<br/>New Commerce Department data surprised <br/>some analysts on April 15, 'The Hill' reports. .<br/>The agency's latest estimates indicate <br/>that March retail sales increased by 0.7%.<br/>They were only expected <br/>to rise 0.3% last month.<br/>While sales exceeded estimates for March, the jump <br/>was still below the 0.9% increase in February.<br/>Compared to the same time last year, total sales <br/>for the first three months of 2024 were up 2.1%.<br/>On April 10, the Labor Department released data showing that inflation rose last month. .<br/>The consumer price index (CPI) <br/>increased 0.4% in March and 3.5% annually.<br/>In February, consumer prices <br/>increased 3.2% year-over-year. .<br/>Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.