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U.K. Retail-Sales Gauge Falls for First Time in Three Months

A U.K. retail-sales index fell for the first time in three months in May and stores expect growth to slow in June, the Confederation of British Industry said.

Retailers saying sales volumes increased from a year ago outnumbered those reporting declines by 18 percentage points, compared with 21 points in April, the London-based business lobby said in a report today. A separate quarterly index showed the pace of selling-price inflation dropped from a 20-year high.