November Retail Sales Fell in Biggest Drop in Nearly a Year

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U.S. retail sales fell sharply in November as the holiday shopping season got under way, posting their biggest drop in nearly a year as inflation cooled.

Sales at U.S. retail stores, online sellers and restaurants fell by a seasonally adjusted 0.6% in November from the previous month, the Commerce Department said Thursday. That was a slowdown from October’s robust 1.3% sales increase.

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