Retail Sales Edge Higher in January
Washington, DC, Feb. 13, 2013 -- Retail sales edged higher in January, held back as payroll tax increases and higher gasoline prices limited spending, according to the Commerce Department.
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The government said retail sales rose 0.1% after an unrevised 0.5% rise in December.
The was in line with economist's expectations.
So-called core sales, which strip out automobiles, gasoline and building materials, increased 0.1% after gaining 0.7% in December.