The US government pandemic-era help padded Americans’ budgets. And so far, they’re not showing any qualms about spending those reserves despite rapidly rising prices.In the first four months of the year, consumer spending far outpaced the rate of inflation: The US consumer price index moved up by 2.3% during the period, compared to a 4% jump in total retail sales.In April, retail sales jumped by 0.9% from the previous month, according to data from the Commerce Department. The agency also revised numbers for March, when sales jumped by 1.4% on the month vs. the 0.5% originally reported.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.
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