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AAP

Business

Poppy Johnston

Retail trade beats forecast as sales lure in shoppers

Ben Dorber ABS RBA

Rising costs are fuelling higher food-related spending amid cost-of-living pressures. (Luis Ascui/AAP PHOTOS) (AAP)

Retail sales have jumped by more than anticipated as discounting drew in shoppers and rising costs fuelled higher food-related spending.

The solid 0.7 per cent boost in May followed a flat result in April and a 0.4 per cent lift in March.

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