Retail Sales Continue to Beat Expectations in March Despite Inflation Concerns

• Retail sales in March blew past expectations, rising 0.7% compared to estimates of 0.3%

• Rise follows strong 0.9% increase in February retail sales

• Total retail sales 2.1% higher Jan-March 2022 over same period last year

• Suggests consumers still spending despite uptick in inflation

• Consumer price index rose 0.4% in March, 3.5% over past year