Strong retail sales in the face of stubborn inflation bodes well for two of our consumer stocks

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Strong retail sales in the face of stubborn inflation bodes well for two of our consumer stocks
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Resilient consumer activity suggests there's further upside ahead for Club holdings Amazon (AMZN) and Costco (COST).

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This week's government economic data revealed pockets of durable consumer spending despite sticky inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks. First the numbers The consumer price index, a measure of retail inflation, saw its biggest monthly increase this year — a seasonally adjusted 0.6% gain in August that matched estimates. Higher energy costs were mostly to blame, including a 10.6% rise in gasoline prices.

This week's government economic data revealed pockets of durable consumer spending despite sticky inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks.

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