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U.S. Retail Sales Grew in April as Inflation Stayed High, Economists Say
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U.S. shoppers increased retail spending in April for the fourth straight month, economists say, as inflation held close to its highest level in four decades.
Economists surveyed by The Wall Street Journal estimated that retail sales—a measure of spending at stores, online and in restaurants—rose a seasonally adjusted 1% in April from the prior month. Excluding spending on vehicles, economists think that sales rose 0.4% from March.
Read more on wsj.comAbout this in other media
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