
In April, retail sales experienced a notable increase as consumers actively pulled forward purchases to avoid anticipated price hikes resulting from tariffs. Core retail sales, which exclude restaurants, auto dealers, and gas stations, rose by 0.9% month-over-month and 7.11% year-over-year, according to the CNBC/Retail Monitor based on anonymized credit and debit card data. Overall, total retail sales—including restaurants but excluding automobiles and gasoline—grew by 0.72% month-over-month and 6.76% year-over-year. These gains contributed to a year-to-date...
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