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U.S. Retail Sales Barely Edged Higher in May, Economists Estimate
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wsj.comAmericans’ retail spending slowed to a crawl in May, economists estimate, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates that make it more expensive to buy a car.
Economists surveyed by The Wall Street Journal expect that retail sales—a measure of spending at stores, online and in restaurants—rose a seasonally adjusted 0.1% in May from the previous month, easing from April’s 0.9% increase.
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