Retail Sales Index (RSI)

The Retail Sales Index (RSI) is like a health check-up for the shopping world, done every three (3) months. Imagine visiting many different stores, from big to small, and noting how much they are selling. That is what the RSI does. It adds up the sales from these stores to get a feel for how well retail businesses are doing. This index helps us understand if people spend more or less at shops, which is a big deal for the economy. Think of it as a way to gauge our shopping habits. Plus, by comparing it with the Retail Price Index (RPI), which tracks price changes, we can see how much we are spending but how much stuff we are actually buying, considering price changes.