Retail sales up a sharp 1.7% in March from February driven by a spike in gas prices due to the Iran war
PBS
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Excluding gas prices, the growth was a slim 0.6%, helped in part by government tax refunds and warm weather.
Retail Sales Surge on Gas Prices
- March retail sales jump on higher gas prices, Commerce Department says UPI —
- U.S. retail sales posted a 3-year high in March, but gas did the heavy lifting Quartz —
- US retail sales surge past expectations on energy spike RTE —
- US Retail Sales Soar in March Led by Spending on Gas Bloomberg —
- Higher Gasoline Prices Lifted March Retail Sales Wall Street Journal —