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Wholesale Price Jump Dampens Good Retail News

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Wholesale Price Jump Dampens Good Retail News

Economy

Wholesale Price Jump Dampens Good Retail News

Wholesale Price Jump Dampens Good Retail News

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  • <iframe src="https://www.npr.org/player/embed/17222505/17222490" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Economic numbers out this morning show consumer spending holding up pretty well and producer prices on the rise.

Retail sales were up 1.2 percent in November, more than most forecasters expected.

That bit of good news was undermined, though, by a sharp increase in wholesale prices. It was the biggest one-month jump in more than 30 years.