WRAPUP 1-U.S. retail sales dip, wholesale prices spike

Newswire

By Tim Ahmann WASHINGTON, Nov 14 (Reuters) - U.S. retail sales dipped in October as auto demand dropped while wholesale prices spiked on soaring food and vehicle prices, the government said on Friday. In a report showing a second straight month of declining consumer activity after surges in July and August, the Commerce Department said retail sales fell 0.3 percent last month. The slide, which was slightly larger than the 0.2 percent drop expected by Wall Street, came as auto sales ...

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