No. 549: July CPI, PPI, Nominal and Real Retail Sales, Industrial Production, RealEarnings

(SGS Subscription required) • No Economic Recovery Here
• Industrial Production on Brink of Showing Formal New Recession
• For Second Month, Rising Retail Sales Reflected Rising Prices,
Not Rising Consumer Demand
• Real Average Weekly Earnings Fell for Third Month and Year-to-Year
• July Year-to-Year Inflation: 2.0% (CPI-U), 2.0% (CPI-W), 9.6% (ShadowStats)

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