Consumer spending was flat in September and below expectations as inflation takes toll

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Consumer spending was flat in September and below expectations as inflation takes toll
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Retail and food services sales in total were little changed for the month after rising 0.4% in August.

Retail and food services sales in total were little changed in September against the estimate for a 0.3% gain.The numbers are not adjusted for inflation, indicating that consumer spending slowed.

Retail and food services sales were little changed for the month after rising 0.4% in August, according tofrom the Commerce Department. That was below the Dow Jones estimate for a 0.3% gain. Excluding autos, sales rose 0.1%, against an estimate for no change. Miscellaneous store retailers saw a decline of 2.5% for the month, while gasoline stations were off 1.4% as energy prices declined.

General merchandise store sales rose 0.7%. Gainers also included online stores, bars and restaurants, clothing retailers and health and personal care stores, all of which saw 0.5% increases.

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