US consumers are starting to shop again, even if they’re being tentative about it. After retail sales slowed down three months in a row, from March to May, they rose by 1% in June, in the face of economy-wide inflation.The increase is largely attributable to consumers bearing the brunt of higher prices, as retail sales data from US Census Department are not adjusted for inflation. But expenditure on gas, online shopping, and furniture outstripped the 1.1 % increase in prices between May and June.“A solid increase in retail sales—with spending on most categories besides gas and groceries rising faster than inflation—is further evidence that the US economy continued to expand in June,” said Bi
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