retail sales/import prices

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Karim writes:

  • Headline retail sales stronger than expected at 1.29% and ex-autos also firm at 1.23%
  • But ex-autos and gasoline closer to expectations at 0.64% and control group (feeds into GDP) in line at 0.50%.
  • Headline import prices firm at 1.7%, but 0.7% ex-petroleum, and 0.4% ex-all fuels.