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US Retail Apparel Prices Fell 2.3% in May

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U.S. retail apparel prices fell for the third consecutive month in May as the coronavirus crisis forced store closures, slashed consumer spending on nonessential goods and depressed raw material prices. For the month, retail apparel prices were down a seasonally adjusted 2.3 percent after declining 4.7 percent in April and 2 percent in March, according…

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