This Week: Consumer prices, Tapestry earns, retail sales

The Labor Department issues its July snapshot of consumer prices Wednesday

A look at some of the key business events and economic indicators upcoming this week:

HIGHER PRICES SEEN

Economists project that consumer prices rose last month from a year earlier.

Consumer price index, annual percent change, not seasonally adjusted:

Feb. 2.3

March 1.5

April 0.3

May 0.1

June 0.6

July (est.) 0.7

Source: FactSet

IN THE RED

Wall Street expects Tapestry closed out its last fiscal year with another quarterly loss.

SIZING UP RETAIL SALES

The Commerce Department serves up its July tally of U.S. retail sales Friday.

Retail sales climbed a solid 7.5% in June, the second-straight monthly increase. A surge in sales in May offset a brutal plunge in March and April. Shoppers have responded to the pandemic by shifting their spending to online retailers and grocers, though sporting goods, musical instrument and other stores have also enjoyed solid growth.

Retail sales, monthly percent change, seasonally adjusted:

Feb. -0.4

March -8.2

April -14.7

May 18.2

June 7.5

July (est.) 2.0

Source: FactSet