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

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US retail sales were flat in July as inflation takes a toll
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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. inflation consumer retail kprc2 click2houston

, which are intended to cool the economy and tame high inflation.

Americans are still spending, but that money is going to different places as the pandemic eases. Walmart, the nation’s largest retailer, postedquarterly sales and profits, but noted that customers are favoring lower-priced grocery items.

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US retail sales were flat in July as inflation takes a tollUS retail sales were flat in July as inflation takes a tollPersistently high inflation and rising interest rates forced many households to spend more cautiously.
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US retail sales were flat in July as inflation takes a tollUS retail sales were flat in July as inflation takes a tollThe 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.
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US retail sales were flat in July as inflation takes a tollUS retail sales were flat in July as inflation takes a tollThe pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many Americans to spend more cautiously.
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US retail sales were flat in July as inflation takes a tollUS retail sales were flat in July as inflation takes a tollOverall U.S. spending has weakened, and it has shifted increasingly toward necessities like groceries and away from discretionary items like home goods, casual clothes and electronics.
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US retail sales were flat in July as inflation takes a tollUS retail sales were flat in July as inflation takes a tollThe 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.
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