Last month's retail sales in the United States rose 0.9% month-on-month for the fourth straight month, demonstrating the resilience of consumer spending despite record inflation.
Last month's retail sales, announced by the US Department of Commerce on the 17th, were $ 677.7 billion (about 87 trillion yen in Japanese yen), up 0.9% from the previous month.
Sales have increased for the fourth straight month.
Inflation at record levels has been prolonged in the United States last month, with consumer prices growing at 8.3% compared to the previous year, but the impact of the new coronavirus has diminished and employment and wages Private consumption remains firm, partly due to an improving trend.
The breakdown is that "general stores" increased by 4%, "restaurants and bars" increased by 2%, "beverages and grocery stores" decreased by 0.2%, and "gas stations" decreased by 2.7%.
The Federal Reserve Board, the central bank, has indicated that it will continue to raise interest rates significantly to curb inflation, but there is a deep-rooted caution in the financial markets that rapid monetary tightening will overcool the economy, and personal consumption. Trends are one of the focal points in looking at the future of the policy.