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Is Inflation Behind Slowing Retail Sales Growth?

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U.S. retail sales improved just 0.3 percent in February, illustrating inflation’s effect on consumer spending. Economists were looking for 0.4 percent growth. Excluding sales at automobile dealers, sales rose just 0.2 percent, significantly lower than the consensus of 0.9 percent. The Department of Commerce said retail trade sales were “virtually unchanged” from January, but up…

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