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Tesco reports drop in sales

Tesco has reported a decline in UK sales growth in the third quarter after like-for-like sales rose by just 2%.

The figure for the 13 weeks to November 22, excluding fuel, compares with the 4% seen in the previous three months and 4.8% in the same period last year.

The retailer said inflation had fallen "substantially" in the three months to the end of September, with prices in its stores falling even faster.

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