No. 495: December CPI, Real Retail Sales, Real Earnings, Production

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• Official Quarterly Production Growth Rates for Second-Half 2012 Were Weakest Since Recession Trough in 2009
• Corrected for Understated Inflation, Real Retail Sales and Production Show
Post-2009 Stagnation Turned into Contraction in Second- or Third-Quarter 2012
• December Year-to-Year Inflation: 1.7% (CPI-U), 1.7% (CPI-W), 9.4% (ShadowStats)
• December Housing Starts Gain Still Not Statistically Significant
Despite Some Boost from Hurricane Damage

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