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U.S. Retail Sales Increase in June

Americans did increase their shopping in the past month. The latest data released from the Commerce Department earlier showing retail sales rose 2/10 of a percent in June from May and 1.5% from a year ago. It follows a rise of half of a percent month on month in May and the increase in June comes as prices for gas airfare, used cars and groceries are all easy. Prices are rising for some goods and services though like auto insurance, consumer spending accounts for about 70% of all economic activity in the US.