Despite Record Inflation, Consumers Are Still Shopping
July 15, 2022 at 16:22 PM EDT
As inflation reached its highest point in four decades, consumers spent more in June across a range of pricier goods and services like gasoline, groceries, furniture, and even restaurants. In a sign that consumers’ spending habits remain resilient amid record inflation and a continued COVID-19 pandemic, the Commerce Department reported on Friday that U.S. retail [...] The post Despite Record Inflation, Consumers Are Still Shopping appeared first on ETF Trends .
