The U.S. Census Bureau announced the advance estimates for U.S. retail and food service sales for March 2008. Seasonally adjusted, sales were $381.4 billion, an increase of 0.15% over February 2008 and 1.97% over March 2007. Retail sales were led by Gasoline station sales which were up 1.09% from the previous month and 18.94% from a year ago fueled by the large increases in oil prices. Adjusted for inflation, sales were down 0.08% from the previous month and down 1.31% from the previous year.
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