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Shoppers Spending Less as Consumer Prices Continue to Rise

Prices of groceries, travel, even coffee, have been rising for months now and new numbers show the prices are taking a toll.

As of this month, shoppers are officially spending less. For the last month, consumer spending is down a larger than the expected 1%.

It’s good news in the fight to control inflation but it’s very bad news for local businesses.

NBC Bay Area’s Scott Budman has more in the video above.

Source: NBC Bay Area

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