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Fall in Dec retail sales points to slowdown in Q4 GDP growth

Inflation may not hit Fed target of 2% after producer prices fall on weak energy costs

WARM WEATHER BLAMED: Retail sales slipped 0.1% after rising 0.4% in November. For all of 2015, retail sales rose 2.1%, the weakest reading since 2009.


US RETAIL sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper petrol weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter.

Other data on Friday showed...