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Retail sales were unchanged in April from March as inflation and interest rates curb spending
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FILE - A customer checks out of a Walmart store Wednesday, Feb. 21, 2024, in Englewood, Colo. On Wednesday, May 15, 2024, the Commerce Department releases U.S. retail sales data for April. - photo by AP Photo/David Zalubowski, File
NEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number, which came in well below economists' expectations, followed a revised 0.6% pace in March, according to Commerce Department data released Wednesday. It rose 0.9% in February.