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Source:
Los Angeles Times
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US Retail Sales Rise 0.9% in May
U.S. retail sales increased by 0.9% in May, driven by strong consumer spending despite rising inflation and gasoline prices. The data shows broad-based growth across categories like clothing, accessories, furniture, and online sales, with some declines in electronics, appliances, and restaurants. Economists note that solid employment and government tax refunds have helped sustain consumer spending amid inflationary pressures.
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