OAKLAND — Growth in taxable retail sales in the nine-county San Francisco area in 1986 fell below growth in inflation, a report by the Assn. of Bay Area Governments said Thursday.
Sales increased 2.2%, while inflation increased 3.2%. In the previous year, when inflation was up 4.2%, sales were up 5.1%.
"If this trend (1986) continues, we'll be feeling it in the local economy soon," said Poulicos Prastacos, an ABAG analyst. "Declining growth will have an obvious impact on jobs for retail workers."