Shoppers pulled back on spending in April as higher gas prices fueled by the Iran war meant less money left over for nonessential goods

Retail sales growth in April slowed to 0.5%, impacted by rising gas prices and the eventual tapering of tax refunds, leading economists to express concerns about future spending.

U.S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts was due to soaring inflation amid the war

Retail sales rose 0.5% in April, in line with estimates. A large portion of the increase came from higher prices for gasoline. Higher income tax refunds helped some consumers spend more. Americans continue to spend,

Shoppers tempered their spending in April as higher gas prices fueled by the Iran war meant less money left over for some nonessentials like clothing and furniture. But they’re still buying,

Key Takeaways Retail sales stayed resilient, rising 0.5% in April from March.Spending on gasoline increased the most out of the major categories, rising 2.8% due to soaring prices from the Iran war. Taking out that surge,

U.S. retail sales increased further in April, but some of the rise in receipts was likely due to higher inflation as the war with Iran boosted prices of energy products and other commodities. Retail sales rose 0.