Published Wednesday, July 14, 2021 at: 8:28 AM EDT
A retail sales boom is being muted by inflation, but it is real and becomes visible only after factoring in inflation.
Since consumers drive 70% of U.S. growth, retail sales are an important fundamental in measuring the strength of the economy relative to history.
The retail sales numbers, when adjusted for inflation, reveal that a retail explosion has been ongoing for years, but the media has missed it. A search of Google for news about "retail sales" returned these top stories on Friday afternoon, hours after the release of the May retail sales figures by the U.S. Census Bureau.
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