U.S. Retail Sales Slide Sharply as Inflation Weighs on Consumers

[progree]

17. From the source. Yes, they are seasonally adjusted. No, they aren't inflation adjusted

Retail Sales - U.S. Dept of Commerce (yes, they are seasonally adjusted too. No, they are not adjusted for inflation)

https://www.census.gov/retail/index.html

https://www.census.gov/economic-indicators/#retail_sales

https://www.census.gov/retail/marts/www/marts_current.pdf

The below is from the marts_current.pdf link just above. GRRRR on having to download a PDF. I broke the brick of text into shorter paragraphs.

=================================================================

FOR RELEASE AT 8:30 AM EST, FRIDAY, JANUARY 14, 2022
ADVANCE MONTHLY SALES FOR RETAIL AND FOOD SERVICES, DECEMBER 2021
Release Number: CB22-06
January 14, 2022 — The U.S. Census Bureau announced the following advance estimates of U.S. retail and food services sales for December 20

Advance Estimates of U.S. Retail and Food Services

Advance estimates of U.S. retail and food services sales for December 2021, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $626.8 billion, a decrease of 1.9 percent (±0.5 percent) from the previous month, but 16.9 percent (±0.9 percent) above December 2020.

Total sales for the 12 months of 2021 were up 19.3 percent (±0.5 percent) from 2020.

Total sales for the October 2021 through December 2021 period were up 17.1 percent (±0.7 percent) from the same period a year ago. The October 2021 to November 2021 percent change was revised from up 0.3 percent (±0.5 percent)* to up 0.2 percent (±0.3 percent)*.

Retail trade sales were down 2.1 percent (±0.4 percent) from November 2021, but up 14.4 percent (±0.7 percent) above last year. Gasoline stations were up 41.0 percent (±1.6 percent) from December 2020, while food services and drinking places were up 41.3 percent (±4.0 percent) from last year.