Fri., January 14, 2011 9:03am (EST)

Prices Rose 1.5 Percent Last Year; Retail Sales Jumped 7.9 Percent
By Mark Memmott
Updated: 4 years ago

Higher gasoline prices are largely responsible for a 0.5 percent increase in consumer prices last month from November, the Bureau of Labor Statistics just reported.

For all of 2010, BLS added, prices rose 1.5 percent.

Also just in, from the Census Bureau: Retail sales were up 0.6 percent in December from November and rose 7.9 percent last year. Though sales were up less than expected in December, Bloomberg News says, the gain for the year was the largest in more than a decade. Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.