Retail Sales Fall More Than Forecast, PPI Also Declines

The video discusses a significant decline in retail sales during December, with a 1.1% drop, exceeding forecasts. The control group, which affects GDP, fell by 0.7%. PPI data shows a decrease, indicating falling inflation, which the Fed favors. Car sales and gasoline prices contributed to the retail sales drop, with department stores and non-store retailers like Amazon also underperforming. PPI data reveals deflation in goods prices and a slight increase in core prices, raising questions about potential economic weakening.

What does the core PPI consist of according to the text?

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What is the main debate regarding the economy as mentioned in the text?

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