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U.S. retail sales rise 0.4% in December, CPI up 0.1%

Sales at U.S. retailers rose 0.4% in December to mark the fourth straight gain. The increase was a notch below the forecast of 0.5%, but sales for November and October were both revised higher. Excluding autos and gasoline, retail sales also rose 0.4% last month. The consumer price index, meanwhile, rose 0.1% in December, with four-fifths of the increase tied to the highest cost of housing. The increase matched the forecast.

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