washington us retail sales event increased moderately february expensive gasoline food impel households cut game spending goods like furniture electronics appliances could restrain economic growing report card commerce department wednesday however showed rebound sales jan much stronger initially estimated record gasoline high food prices hitting house consumers cushioned least trillion excess savings accumulated pandemic worker shortages million job openings end january boosting wages take into account americans pick extra shifts augment income though cooling january splurge american consumers appear reasonably well lay keep spending supported recent massive speculate make headway high household keep open aforesaid sal guatieri senior economist bmo capital markets toronto assumes course john roy major blows fuel food be confidence financial conditions stemming war retail gross sales increased last month data january revised sharply higher show sales surging rather previously reported economist poll reuters forecast retail sales growth slowing estimates ranging low fall high sales increased year ago economists also viewed pull back monthly sales last month pay plump for january surge largest gain months others saw moderation beginning reposition spending back services goods amid significant decline coronavirus report published ahead expected interest rate increase federal reserve later wednesday first three years stamp sales mostly draw goods adjusted inflation last month sales auto dealerships increased rise likely reflected higher prices amid deficit motor vehicle manufacturers reported decline unit gross revenue feb motorcar sales accelerated service send shot gasoline prices jumped cents average per gallon last month january according data us energy information organization since pushed record high per gallon russia invasion ukraine state of war killed hundreds civilian boosted wheat prices expected put pressure strained global supply consumer prices increase years february inflation likely remain uncomfortably high gear separate report labor department wednesday showing import prices increasing february lifted higher costs petroleum products food read morestocks wall street merchandise high amid signs progress peace talks dollar devolve basket currencies us treasury yields strength retail sales february held back plunge receipts online retailers sales furniture entrepot fell consumers also cut back spending health personal care stores sales declining receipts electronic appliance stores omit consumers spent clothing well lark about goods hobbies musical instruments books receipts restaurants bars resile restaurants bars services category retail sales automobiles gasolene building materials food services retail sales fell february data january revised substantially show core retail sales rebounding instead previously retail sales correspond closely consumer spending component gross domestic product upward revision january core retail sales offset decline february could leave consumer spending fairly strong growth path first economists morgan stanley raised consumer spending growth estimate annualized rate pace lifted gdp ontogenesis forecast first quarter rank stanley gdp growing estimates upper berth end range forecasts pace economy grew robust rate fourth quarter now report continues reflect strong consumer demand first quarter despite headwinds raise inflation said ellen zentner chief us economist morgan stanley new york upside food services spending also indicates see upside services spending month reflecting personal spending report two hebdomad