Americans Increase Spending Modestly in June as Inflation Eases

NEW YORK (AP) — Americans increased their spending modestly last month as inflation eased in many areas and the job market remains remarkably strong.

Retail sales rose 0.2% from May to June, following a revised 0.5% increase the previous month, the Commerce Department reported Tuesday.

Excluding autos and gas, sales rose a modest 0.3%,

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Sales at grocery stores fell 0.7%, while business at clothing stores rose 0.6%. At restaurants, sales rose 0.1%

The uptick in sales follows an increase in May that pointed to an economy that remains resilient despite rising prices. Yet spending has been volatile this year after surging nearly 3% in January. Sales tumbled in February and March before recovering in April and May.

By Anne D’Innocenzio

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