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Tuesday, February 15, 2011

Retail Sales Up... Inflation Edition

Marketwatch details:

The biggest increase in sales took place at gas stations, grocery and liquor stores, auto retailers and online and catalog merchants. Sales fell at clothing and building-supply stores.
It's not a surprise that this was the result in a period when commodity prices (in the form of food and energy) spiked. Removing these volatile sectors of the retail market and we get a much more mundane 0.04% increase in the month.




Source: Census