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Retail sales in the United States increased by 0.2% in June, with a decline in gasoline prices helping to boost consumer spending, especially in essential categories excluding automobiles and gasoline. Data indicated that spending in this category rose by 0.5% in June, supported by discount offers and promotional sales, marking a return to growth since the beginning of the year despite pressures on household budgets due to rising prices. Experts forecast that consumer spending likely accelerated in the second quarter of the year, with ongoing impacts from factors such as oil price fluctuations and expectations of an annual economic growth rate of 1.3%.
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