Retail Sales, Inflation Adjusted
Beating consensus for July.
Figure 1: Retail sales and food services sales, deflated by CPI-all, mn 1982-82$ (blue), retail sales, deflated by PPI consumer finished goods, mn 1982$ (tan). NBER defined peak-to-trough recession dates shaded gray. Source: Census, BLS, NBER, and author’s calculations.
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