Retail sales grow in April
Retail sales rose slightly for the seventh consecutive month in April despite rising gas prices and stubborn inflation.
Core retail sales (excluding restaurants, auto dealers and gas stations) inched up up 0.34% month over month in April and were up 5.53% year over year, according to the CNBC/NRF Retail Monitor, released by the National Retail Federation. That compared with increases of 0.41% month over month and 7.05% year over year in March.