National

Wholesale Price Jump Dampens Good Retail News

By Robert Siegel, Frank Langfitt

Published December 13, 2007 at 1:00 PM PST

This story was published more than 17 years ago.

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.

Become a KPBS sponsor

National

Robert Siegel

Prior to his retirement, Robert Siegel was the senior host of NPR's award-winning evening newsmagazine All Things Considered. With 40 years of experience working in radio news, Siegel hosted the country's most-listened-to, afternoon-drive-time news radio program and reported on stories and happenings all over the globe, and reported from a variety of locations across Europe, the Middle East, North Africa, and Asia. He signed off in his final broadcast of All Things Considered on January 5, 2018.

Frank Langfitt

Frank Langfitt is NPR's London correspondent. He covers the UK and Ireland, as well as stories elsewhere in Europe.