German Retail Sales Unexpectedly Fell in January as Prices Rose
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German retail sales unexpectedly declined in January as rising oil prices fueled inflation.
Sales, adjusted for inflation and seasonal swings, fell 1.6 percent from December, when they increased 0.1 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a gain of 0.5 percent, the median of 22 estimates in a Bloomberg News survey showed. Sales rose 1.6 percent from a year ago.