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Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest rates
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File - A man looks at the Apple's new iPhone 15 models on the first day of sales at an Apple Store in Los Angeles on Sept. 22, 2023. On Tuesday, the Commerce Department releases U.S. retail sales data for September. - photo by AP Photo/Jae C. Hong, File
NEW YORK (AP) — Americans kept spending in September at a solid pace even as they grappled with higher prices and interest rates. Retail sales rose 0.7% in September, more than twice what economists had expected, and close to a a revised 0.8% bump in August, the Commerce Department reported Tuesday. Retail sales in August were inflated after gasoline prices spiked, however.