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by Calculated Risk on 2/16/2022 08:38:00 AM
On a monthly basis, retail sales were increased 3.8% from December to January (seasonally adjusted), and sales were up 13.0 percent from January 2021.
From the Census Bureau report:
Advance estimates of U.S. retail and food services sales for January 2022, adjusted for seasonal variation
and holiday and trading-day differences, but not for price changes, were $649.8 billion, an increase of 3.8
percent from the previous month, and 13.0 percent above January 2021.
emphasis added
and holiday and trading-day differences, but not for price changes, were $649.8 billion, an increase of 3.8
percent from the previous month, and 13.0 percent above January 2021.
emphasis added
Click on graph for larger image.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline were up 4.2% in January.
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