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US inflation and consumer prices flat in June while retail sales sink

Consumers are not shopping as much. US retail sales unexpectedly fell in June for a second straight month. Overall retail sales fell 0.2 per cent for the month to US$473.5 billion, a surprise to analysts who had forecast an increase of 0.1 per cent.


The falling price of gasoline also helped hold down US retail sales, which contracted for the second straight month in June, the Commerce Department reported separately.

Slow inflation has baffled economists given the very low unemployment...

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