Of course it’s inflation adjusted. The term is “real consumer spending”. The data reported is not to make the public feel good, but to inform the policies. Poli

Of course it’s inflation adjusted. The term is “real consumer spending”. The data reported is not to make the public feel good, but to inform the policies. Politicians can always find a way to spin any number in their favor for sure. The spending has consistently remained high throughout the elevated inflation period, but is projected to go down a little bit. https://www.bankofthewest.com/Wealth-Management/insights/articles/economic-report/a-strong-start-to-consumer-spending-in-2023 https://www.bankofthewest.com/Wealth-Management/insights/art...