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Bloomberg Businessweek | October 31, 2014 | by Lynn Doan and Dan Murtaugh
The drop in energy prices means about $500 to $600 in additional disposable income for the U.S. consumer, Chris G. Christopher, U.S. economist at IHS, said by telephone Oct. 15 from Lexington, Massachusetts. With the help of extra money in shoppers’ pockets, holiday retail sales are expected to rise 4.2 percent this year, he said.
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