The rise in pricing contributed to a 0.3% increase in February's retail sales.

AP NEW YORK — After a strong start to the year, Americans' spending on consumer electronics, furniture,

luxuries dropped in February as increased costs for food, fuel, and housing ate into their budgets.

The surge in spending in January was the highest since American families got their last $1,400 stimulus check in March of last year.

Furniture and home furnishing retailers had a 1% drop in business in February, while electrical and appliance stores saw a 0.6 percent drop in sales.

General goods retailers witnessed a 0.2 percent drop in revenue, while internet sales dropped 3.7 percent. 

the danger of COVID-19 lessens, consumers are shifting more of their expenditure to services like restaurants.

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