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US Retail Sales Jump 1.2% as Import Prices Rise 0.7%
Piplix Team
By Piplix Team
Editorial Team
U.S. retail and food-services sales rose 1.2% in August to $773.9 billion, the Census Bureau said, while July’s decline was revised to 0.5%. The GDP-linked retail control group increased 1.4%, Reuters reported. Separately, import prices climbed 0.7% and were 7.0% higher than a year earlier, with nonfuel prices up 0.8%. The paired releases show resilient nominal demand alongside broader imported-price pressure hours before the Federal ReserveFederal Reserve refers to the Federal Reserveis the central bank of the United States. The term belongs in Level 7 because it helps connect macro conditions, policy, or another...Read More decision.
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