Retail Sales in Arizona, Seasonally Adjusted and Inflation-Adjusted
From early 2007 through the middle of 2009, the volume of sales in the retail classification in Arizona decreased very considerably — even before adjusting for population growth or economic growth. The low point was reached in January 2010, with the inflation-adjusted total down 31 percent from the April 2007 peak. The real April 2015 figure was 30 percent higher than the trough but still was 10 percent less than the prerecession peak. Just 68 percent of the inflation-adjusted decline in retail sales had been made up 63 months after the trough and 96 months after the prior peak.