Latest Updates: Related to Inflation

Consumer Spending Rises Along with Inflation


Retail sales rose +1.0% in June, bettering the +0.7% median forecast, as spending on gasoline, autos, restaurants and e-commerce all increased.

Gas station sales were the biggest contributor to the overall number, up +3.6% following a +5.6% rise in May. This category accounted for 0.4 of the +1.0% gain in June. Since sales are not adjusted for inflation, the jump in gasoline sales is a direct reflection of soaring pump prices experienced last month. Since gas prices have dropped throughout July, the next report is expected to be softer.

Read the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Persistent Labor Market Strength Undermines Fed Policy

Fed Talk and PPI Dictate Market Tone

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.