Consumers Cheer Up, Wholesale Prices Rise
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U.S. consumers's mood brightened in  early December, sending potential good tidings to retailers for  the holiday shopping season, a report showed on Friday.
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Retail sales rose a strong 1.2 percent in November in a bright sign for the holiday shopping season, but producer prices posted their biggest gain in 34 years, offering a reminder that rising costs are weighing on the economy.
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U.S. consumer sentiment rose more than  expected in June, while expectations for future inflation  subsided, a report showed on Friday.
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Wholesale prices in the United States jumped 1.7 percent in October as a result of sharply higherenergy and food costs, the Labor Department reported on Tuesday.
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WASHINGTON -- Consumers boosted their spending in May as their incomes grew solidly, an encouraging sign that high gasoline prices haven't killed people's appetite to buy. Inflation moderated.
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Propelled by sharply higher energy and food costs, wholesale prices soared up by 1.7 percent in October, the largest increase since early 1990.
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Retail sales were solid in November as the holiday shopping season got underway, but a good portion of consumer dollars went to higher-priced gasoline, which also pushed wholesale inflation up by the largest amount in 34 years.
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Retail sales rose a strong 1.2  percent in November in a bright sign for the holiday shopping  season, but producer prices posted their biggest gain in 34  years, offering a reminder that rising costs are weighing on  the economy.
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U.S. consumers cheered up in early December, sending potentially good news to retailers during the crucial holiday shopping season, a report showed on Friday.
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BJ's Wholesale Club Inc. BJ.N on  Tuesday posted higher quarterly profit as soaring gasoline  prices and strong demand for food boosted sales.
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Consumer confidence bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased
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Consumer prices rose 7.1 percent, the largest increase in more than a decade.
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Retailers scored solid sales and factories saw orders pick up, hopeful signs the economy isn't cracking under the pressure of high energy prices.
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NEW YORK -- Falling gasoline prices helped brighten the mood of American consumers in September, sending a barometer of consumer sentiment higher than analysts expected.
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WASHINGTON -- Wholesale inflation shot up in 2007 by the largest amount in 26 years even though falling gasoline costs allowed price pressures to moderate in December.
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Consumer sentiment climbed far more than expected in early July due to a surging stock market and reluctant acceptance of high gasoline prices, a survey showed on Friday.
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US consumers cheered up in early December, sending potentially good news to retailers during the crucial holiday shopping season, a report showed on Friday.