Retail sales stagnant in September as high inflation eats into spending

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Spending at retail stores fell flat in September as consumers continue to confront the hottest inflation in 40 years.

Retail sales, a measure of how much consumers spent on a number of everyday goods, including cars, food and gasoline, was unchanged at 0% in September, the Commerce Department said Thursday. Economists surveyed by Refinitiv expected sales to increase 0.2%.

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