Name: U.S. retail sales rise, wholesale inflation ticks up
Uploaded: 2026-01-14T18:09:43.580Z
Duration: 3 min 2 s
Description: U.S. November retail sales rose by more than forecast with gains seen in sporting goods, hobby stores and clothing outlets. Wholesale inflation picked up slightly in November with the producer price index rising 0.2%.

U.S. November retail sales rose by more than forecast with gains seen in sporting goods, hobby stores and clothing outlets. Wholesale inflation picked up slightly in November with the producer price index rising 0.2%.

Washington

U.S. retail sales increased by 0.6% in November following a flat October, according to newly released data. The Producer Price Index (PPI) also rose by 0.2% for the month, with a 3% year-over-year increase, reflecting ongoing inflationary pressures.

The Federal Reserve is not expected to cut interest rates in the near term, given the combination of strong retail sales and rising wholesale prices. November's retail figures, which include Black Friday, were weaker than anticipated for holiday sales, and further economic data will be reviewed before the next rate decision.

U.S. retail sales rise, wholesale inflation ticks up

with the latest data. Let's cross over to Mike McKee for more. Hey Mike. Good morning John. Well we'll see if we can't move the needle a little bit for the equity markets with retail sales coming in up six tenths of a percent after being flat. That's the headline flat in the month of October. These are November numbers. So we're behind. Remember because of the government shutdown x autos up half a percent after four tenths gain and x autos and gas up four tenths as well. The control group which is what we really care about up four tenths of a percent. That's up. That's down from a six tenths gain revised lower for the month of October. The PPI numbers are not out yet. They're slow to come out. Here we go. Producer price index increased two tenths of a percent in November. Now remember these are November September to November numbers because there were no October numbers just like with CPI. The PPI for the year. Let's see if we have an annual basis number 3 percent for the 12 months ended in November. And that's the headline. Now if you want to take the core which we usually consider the X trade one the index for final demand less foods energy and trade services up two tenths of a percent in November and for the year up three and a half percent. That is the largest 12 month increase since rising three and a half percent in March. So on the basis of the PPI annual figures it looks like you're not going to be cutting interest rates anytime soon. And with relatively strong retail sales it seems like inflation is still going to be on the menu. Mike as you indicated somewhat dated data. But we had a decent picture of momentum we had into year end and into the new year a decent picture of the overall economy. Well probably not in terms of the data that comes in for the overall economy. But it gives us a direction. The January meeting they've already said they're probably not going to be cutting. And I would assume that this kind of data seals that. And then they'll have two three more reports on all of these things before the next meeting in March. So they'll have a much cleaner read by the time we get to the end of the first quarter. Just quickly here motor vehicle sales were up by a percent sales of parts and cars furniture down a tenth of a percent building materials up one point three percent groceries up just a tenth of a percent. And remember we saw in CPI that the grocery price indexes went up. So since all this is calculated on a dollar basis that's kind of interesting. Gasoline sales up one point four percent. Clothing stores up nine tenths and department stores flat department stores down two point nine general merchandise flat. This is November numbers. So these would have been the Black Friday numbers. And they don't seem to be as good as you might have hoped for that period of time in terms of holiday gifts.

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