Retail sales dropped 1.9% in December as higher prices caused consumers to curb spending - CNBC
The advance monthly sales report to close out the year showed a decline of 1.9%, considerably worse than the Dow Jones estimate for just a 0.1% drop.
Retail sales fell much more than expected in December as surging prices took a big bite out of spending, the Commerce Department reported Friday.
The advance monthly sales report to close out the ye… [+2538 chars]
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