Retail Sales increased by 3.8% in January, well above the 2.1% Dow Jones estimate and depicting a consumer spending comeback. According to the Commerce Department on Wednesday, the numbers are not adjusted for inflation. Q4 2021 hedge fund letters, conferences and more Retail Sales SurgeAs reported by CNBC, the rising inflation did little to dent consumer spending in January as retail sales soared by 3.8%, beating expectations for the month. Furniture and online shopping were the main drivers behind the surge, while gasoline and sporting goods went the opposite direction. “The numbers are not …