(Reuters) - Sales by U.S. retailers rose 1.4 percent in May as
consumers shrugged off higher gasoline prices and increased
their spending on cars, clothing and building materials, a
Commerce Department report showed.
Import prices, which are monitored closely by Federal
Reserve policy-makers as a potential source of inflation, rose
for the fourth straight month on higher petroleum costs.
Read more at Reuters.com Economic News
consumers shrugged off higher gasoline prices and increased
their spending on cars, clothing and building materials, a
Commerce Department report showed.
Import prices, which are monitored closely by Federal
Reserve policy-makers as a potential source of inflation, rose
for the fourth straight month on higher petroleum costs.
Read more at Reuters.com Economic News
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