by sslifer | Mar 14, 2024 | Inflation, NumberNomics Notes
March 14, 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 jumped 0.6% in...
by sslifer | Mar 12, 2024 | Inflation, NumberNomics Notes
March 12, 2924 The CPI rose 0.4% in February after climbing 0.3% in January. The year-over-year increase is currently 3.2%. We expect the CPI to increase 3.3% in 2024. While the markets are convinced that inflation will continue to improve rapidly, that is unlikely...
by sslifer | Feb 29, 2024 | Inflation, NumberNomics Notes
February 29, 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 | Feb 28, 2024 | GDP, Inflation, NumberNomics Notes
February 28, 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 | Jan 31, 2024 | Inflation, NumberNomics Notes
January 31, 2024 The employment cost index for civilian workers climbed at a 3.5% rate in the fourth quarter after rising 4.3% rate in the second quarter Over the course of the past year it has risen 4.2%. With the unemployment rate currently at 3.7% and full...
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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