U.S. retail sales rise 0.5% in April as higher gas prices pressure discretionary spending

U.S. retail sales rose 0.5% in April 2026 from March 2026, the Commerce Department reported May 14, 2026, signaling continued consumer spending despite pressure from higher gasoline prices. The increase suggests rising fuel costs are absorbing a larger share of household budgets, potentially limiting spending on nonessential goods. Retail sales are a key gauge of consumer demand, which drives a major share of U.S. economic activity.