by sslifer | Dec 20, 2024 | Inflation, NumberNomics Notes
December 20, 2024 There are many different measures of inflation, but the one that the Federal Reserve considers to be most important is the personal consumption expenditures deflator, in particular the PCE deflator excluding the volatile food and energy components....
by sslifer | Dec 19, 2024 | GDP, Inflation, NumberNomics Notes
December 19, 2024 There are many different deflators that are available. This one is for gross domestic purchases which measures prices paid by U.S. residents. It is the one measure of inflation that the Commerce Department talks about when it releases the GDP...
by sslifer | Dec 12, 2024 | Inflation, NumberNomics Notes
December 12, 2024 The Producer Price Index for final demand includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand rose 0.4% in...
by sslifer | Dec 11, 2024 | Inflation, NumberNomics Notes
December 11, 2024 The CPI rose 0.3% in November after climbing 0.2% in each of the previous three months. The year-over-year increase is currently 2.8%. We now expect the CPI to increase 2.7% in 2024. Food prices rose 0.4% in November after gaining 0.2% in October. ...
by sslifer | Oct 31, 2024 | Inflation, NumberNomics Notes
October 31, 2024 The employment cost index for civilian workers climbed at a 3.1% annual rate in the third quarter after rising at a 3.7% pace in the second quarter. Over the course of the past year it has risen 3.9%. The employment cost index peaked at 5.1% in the...
by sslifer | Jun 13, 2023 | Inflation, NumberNomics Notes
June 13, 2023 Gasoline prices fell $0.03 in the week ending June 5 to $3.54 after having risen $0.04 in the previous week. In South Carolina gasoline prices tend to be about $0.25 below the national average or $3.29. The EIA currently expects gasoline prices...
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