> Holiday Spending Increased
> numbers are not adjusted for inflation
> numbers are not adjusted for inflation
“Retail sales increased 3.1 percent from Nov. 1 to Dec. 24 compared with the same period a year earlier”
What that means, if anything on its own, is up for debate.
"And even though consumer prices have risen a lot in the last two years, wages have grown faster on the whole"
"The holiday sales figures, driven by a healthy labor market and wage gains, suggests that the economy remains strong."
They're direct quotes from the article. The article states that wages are increasing faster than prices. If wages are increasing faster than the prices then it is not inflation.
Do you have alternative evidence that leads you to believe the article is inaccurate about this? Or is your disagreement based more on your own subjective feelings and experiences?
I see how those two numbers both being equal to 3.1% could be confusing at first, but they're not measuring the same thing at all.