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Retail activity in the second quarter of 2016 plunged 4.68 percent as the purchasing power of the Lebanese shrinks, according to a recently released report.It also noted that commercial markets saw also more decline in turnovers.It added, "The CPI, that measures the inflation, continued its downward trend, although at a slower pace, as it registered for the seventh consecutive quarter a decline of 0.98 percent between the second quarter of 2015 and the second quarter of 2016, despite an increase in the CPI of clothing that reached 5.97 percent for the same period.
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