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The U.S. cost of living increased in January by the most since February 2013, led by higher costs for gasoline and other goods and services that indicate inflation is gathering momentum.

U.S. retail sales rose more than forecast last month in a broad-based advance that indicates the consumer is well-positioned to propel the economy in early 2017.

U.S. consumer purchases climbed in December by the most in three months as incomes picked up, signaling a strong hand-off into 2017.

Republicans expect the U.S. economy to boom and Democrats see a bust after Donald Trump’s election as president, a sharp reversal from sentiment a few months before the vote, according to a University of Michigan consumer survey.

American consumers were the most upbeat about the economy in January than at any time in almost 15 years, according to Bloomberg Consumer Comfort Index figures released Jan. 19.

The cost of living in the United States climbed for a fifth month on the back of shelter and fuel prices, pushing inflation closer to the Federal Reserve’s goal.

Consumer confidence was little changed in January from its highest level since the start of 2004, showing Americans are still optimistic that fresh economic policies will spur growth.

Holiday shoppers abandoned their early reluctance and boosted spending as the season wore on, pushing U.S. sales to the biggest increase in more than a decade, according to research firm Customer Growth Partners.

The cost of living in the U.S. rose for a fourth straight month, adding to signs that inflation is approaching the Federal Reserve’s goal.

Consumer confidence jumped more than forecast this month as Americans expressed the sunniest picture of their financial situation in 11 years, extending a boost following Donald Trump’s presidential election victory.