WRAPUP 1-Retail slump in June hints at tired U.S. consumer

(Reuters) - Sales for June dropped 0.9 percent where economists had
looked for a 0.1 percent gain, far outweighing small upward
revisions to the figures for May, according to Commerce
Department data.




There were also signs that inflation is creeping higher
even as consumer demand weakens, with a Labor Department report
showing import prices rising for a fifth straight month as
petroleum costs soared.


Read more at Reuters.com Economic News