Retail sales jump 3% in January, smashing expectations despite inflation increase

https://www.cnbc.com/2023/02/15/retail-sales-january-2023-.html

Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures.

Advance retail sales for the month increased 3%, compared to expectations for a rise of 1.9%, the Commerce Department reported Wednesday. Excluding autos, sales increased 2.3%, according to the report, which is not adjusted for inflation. The ex-autos estimate was for a gain of 0.9%.