U.S. retail sales edge up; producer prices hint at disinflation

October 14, 2015 1:19 PM

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U.S. retail sales edge up; producer prices hint at disinflation

WASHINGTON U.S. retail sales barely rose in September as cheaper gasoline weighed on service station receipts, but gains in purchases of automobiles and other goods pointed to solid domestic demand that could shield the economy from slowing global growth.

Other data on Wednesday suggested disinflation was reemerging, with producer prices in September posting their biggest decline in eight months. The combination of soft retail sales and weak inflation cast more doubt on whether the Federal Reserve will raise interest rates this year.

Also read: GM, Ford sales up; FCA down 14.3% in November

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