Pantheon Macroeconomics

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13th Apr 2022 23:00U.S., Daily Monitor

Mobility data signal upside risk to March core retail sales; the headline will be boosted by gas prices.

Real consumption appears to be on course for a solid 4% increase; spending on services is rebounding too. 

Core PPI inflation probably has peaked, but the downshift will be slower than for the core CPI.

core cpi core PPI core retail sales cpi gas prices gasoline March ppi PPI inflation q1 real consumption retail sales sales numbers total sales trade trade services vehicles

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Keywords for: Upside Risk--but Lots of Noise--for March Retail Sales

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