by sslifer | Nov 24, 2021 | Inflation, NumberNomics Notes
November 24, 2021 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 | Nov 10, 2021 | Inflation, NumberNomics Notes
November 10, 2021 The CPI jumped 0.9% in October after having risen 0.4% in September. It rose 1.3% in 2020, and the year-over-year increase currently is 6.2%. Food prices rose 0.8% in October after having jumped 0.9% in September. In the past year food prices...
by sslifer | Nov 9, 2021 | Inflation, NumberNomics Notes
November 9, 2021 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 0.6% in...
by sslifer | Oct 29, 2021 | Inflation, NumberNomics Notes
October 29, 2021 The employment cost index for civilian workers climbed at a 5.3% rate in the third quarter after rising at a 2.8% rate in the second quarter. Over the course of the past year it has risen 3.7%. The increase was led by the wage component. With the...
by sslifer | Oct 28, 2021 | GDP, Inflation, NumberNomics Notes
October 28, 2021 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 | Oct 28, 2021 | Inflation, NumberNomics Notes
October 28, 2021 Gasoline prices rose $0.06 in the week ending October 25 to $3.38 per gallon. In South Carolina gasoline prices tend to about $0.25 below the national average or $3.13. The EIA expects gasoline prices nationally to average $2.97 per gallon this year...
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