Sunday, July 17, 2022

LOL, nominal retail sales were up 7.7% year over year in Friday's report, but when adjusted for inflation were down 0.5% year over year

 Put another way, it went up because you're paying more for food and energy, not because you're letting the good times roll.

YOU ARE SPENDING MORE FOR FEWER THINGS:

Rising costs for food and gasoline in particular helped propel the increase.   

More.