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The Independent UK
The Independent UK
National
Via AP news wire

US retail sales were flat in July as inflation takes a toll

Copyright 2020 The Associated Press. All rights reserved.

The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously.

Retail purchases were flat in July after having risen 0.8% in June, the Commerce Department reported Wednesday.

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