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UK Retail Sales Slow as Consumers Tighten Their Belts
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UK retail sales slowed at the start of the year as consumers tightened their purse strings in another sign of tepid economic demand.
Total sales increased 1.2% in January, compared with a three-month average of 1.9%, the British Retail Consortium and consultancy KPMG said Tuesday. The figures are not adjusted for inflation, which was 4% at the end of last year.