Consumers barely boosted their spending at U.S. retailers last month, suggesting Americans remain cautious about opening their wallets despite strong job gains and accelerating wages.
Prices for imported goods fell for the fourth straight month in October, highlighting the drag on inflation from cheap oil, a strong dollar and slow overseas growth.
U.S. consumer prices rose in October amid an across-the-board uptick in a variety of services and major categories. The consumer-price index, which measures what Americans pay for everything from medical services to meat, rose a seasonally adjusted 0.2% in October, after two months of declines, the Labor Department said.
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