Sales Jump 3%, Smashing Expectations, Defying Inflation

  • Retail sales rose 3% in January, easily topping the 1.9% Dow Jones estimate, the Commerce Department reported Wednesday.
  • The numbers are not adjusted for inflation, meaning that consumers outpaced the 0.5% inflation rate for the month.
  • Food service and drinking places, motor vehicle and parts dealers, and furniture stores led the sales increases.
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