Is retail spending really rising? The government says it is, by 0.5%. But Daniel Indiviglio...

|By:, SA News Editor

Is retail spending really rising? The government says it is, by 0.5%. But Daniel Indiviglio looks deeper: Without food and energy, retail sales only grew 0.1% in April while core inflation rose 0.2%, suggesting that the weak spending growth was solely due to inflation. Americans may have actually purchased fewer retail goods and services in April than in March, Indiviglio concludes.