Retail Sales Increase, PPI Decreases Tuesday, January 15, 4:49 PM ET
Retail sales increased by 0.5% to $415.7 billion in December as Americans bought goods during the holiday season, according to the Commerce Department. The increase was the second since November's 0.4%. Analysts said that discretionary demand for autos, apparel, furniture and restaurants is solid.
Meanwhile, producer prices fell by 0.2 percent in December due to declining food prices, indicating minimal inflation pressures, and the third straight month of decline. Wholesale prices increased by 0.1 percent during the month.
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