Retail sales picked back up in June after falling in May in the face of rapid price increases, according to data released Friday by the Census Bureau. U.S. retailers, restaurants and bars made $680.6 billion in sales last month, up 1 percent from a May total of $673.9 billion. Retail sales figures are adjusted for seasonal shifts in consumer spending, but not inflation. Retail sales beat economists expectations for June after falling 0.1 percent in May. While inflation has remained high and rising for more than a year, consumers have powered through price hikes and their own deepening concern about the future of the economy to keep spending more money. Spending on retail and food
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