Economics
U.S. Price Pressures Percolate With Surging Sales, Input Costs
- Stronger retail purchases, producer prices seen fueling debate
- Lawmakers press forward with large stimulus to boost economy
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The U.S. economy is starting to display pockets of price pressures, further stoking the debate among economists and market participants over the future path of inflation.
Among reports Wednesday, retail sales powered ahead with the strongest advance in seven months, topping all estimates and indicating hearty consumer demand at the start of the year.