David Westin speaks with top names in finance about the week's biggest issues on Wall Street.
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Higher prices for personal- and home-care items are finally driving consumers to buy less.
Retail unit sales in the US for items such as laundry detergent, shampoo and diapers fell in the three months through July 10 compared to a year earlier, according to a Bloomberg Intelligence report citing data from market researcher IRI. Volume declined for seven out of the nine categories tracked, with facial cosmetics and adult incontinence products being the only exceptions.