What factors contributed to the shortfall in retail sales?
U.S. Retail Sales Slide 1.9% in December
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Business, Architecture, Engineering
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The video discusses a significant decline in retail sales for December, with a 1.9% drop compared to the forecasted 0.1%. Excluding autos and gasoline, sales fell further, impacting GDP. Import prices decreased slightly, but excluding petroleum, they rose, showing a 10.4% increase over the year.
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What was the overall change in import prices on the year?
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