U.S. shoppers sharply boosted spending at retailers in July despite higher prices
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WASHINGTON (AP) — Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy was slowing under the pressure of higher prices and elevated prices. The Commerce Department reported Thursday that U.S. retail sales jumped 1% from June to July after having declined slightly the previous month. Auto dealers, electronics and appliance stores and grocery stores all reported strong gains. Adjusted for inflation, sales rose about 0.8%.
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