NPR : News

Filed Under:

Retail Sales Rose As 2012 Ended; Inflation Remained In Check

Retail sales rose 0.5 percent in December from November, the Census Bureau says. That may be a sign that as 2012 ended consumers were still in a shopping mood even as lawmakers in Washington struggled to keep the federal government from going over the so-called fiscal cliff.

Bloomberg News says the better-than-expected sales figure, which is adjusted to hopefully smooth out the effects of the holidays and show the "real" growth, is a sign that consumers were looking "beyond the year-end budget battle among U.S. lawmakers."

"Consumers continue to spend at a decent pace," Russell Price, senior economist at Ameriprise Financial Inc. in Detroit, told Bloomberg.

Such spending is critical: Consumers purchase about 70 percent of the goods and services companies produce.

For the year, retail sales were up 5.2 percent.

Also this morning, the Bureau of Labor Statistics reported that wholesale prices declined 0.2 percent in December from November and were up just 1.3 percent for the year.

Copyright 2013 National Public Radio. To see more, visit http://www.npr.org/.

NPR

'The Innocent Have Nothing To Fear' Echoes Real-Life Republican Race

NPR's Ari Shapiro talks with Stuart Stevens, a former strategist for Mitt Romney, whose new novel, The Innocent Have Nothing to Fear, tells the story of a neck-and-neck Republican primary campaign that ends up at a brokered convention.
WAMU 88.5

How History Influences Diets In D.C. And Around The World

Kojo and chef Pati Jinich look at how history -- and famous names like El Chico, Azteca and even Fritos -- shaped modern Mexican-American cooking in the Washington region and beyond.

WAMU 88.5

Implications Of The Supreme Court's Immigration Ruling

Many undocumented immigrants are living in fear after a Supreme Court ruling effectively barred deferred deportation for 4 million people. What the ruling means for families across the country and how immigration policy is playing out in 2016 election politics.

NPR

Click For Fewer Calories: Health Labels May Change Online Ordering Habits

Will it be a hamburger or hummus wrap for lunch? When customers saw indications of a meal's calorie content posted online, they put fewer calories in their cart, a study finds.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.