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04/07/2022

Household consumption: beware of nominal/real confusion

Since the beginning of 2020, household consumption has been seriously disrupted, due to the temporary closure of certain sectors (especially services) and supply chain issues for certain types of goods, then the acceleration of prices. Monitoring the consumer spending and retail sales figures is much less easy than usual and it is more important than ever to distinguish between nominal and real when analyzing the figures.

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