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Retailers Forced to Stick With Low Prices
Inflation is being kept in check. Good for consumers, not so much for retailers.
The Consumer Price Index rose just 0.1% in May, below analysts' expectations of 0.3% growth, as retailers lock in low prices for fear of losing customers who are tightening purse strings.
The closely watched core CPI, which excludes volatile food and energy prices, rose 0.1% in May, the Labor Department reported. ...
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