by sslifer | Apr 9, 2021 | Inflation, NumberNomics Notes
April 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 1.0% in March...
by sslifer | Apr 8, 2021 | Inflation, NumberNomics Notes
April 8, 2021 Gasoline prices were essentially unchanged in the week ending April 5 at $2.86 per gallon. In South Carolina gasoline prices tend to about $0.25 below the national average or about $2.61`. The EIA expect gasoline prices nationally to average $2.66 per...
by sslifer | Mar 26, 2021 | Inflation, NumberNomics Notes
March 26, 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. The...
by sslifer | Mar 25, 2021 | GDP, Inflation, NumberNomics Notes
March 25, 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 | Mar 10, 2021 | Inflation, NumberNomics Notes
March 10, 2021 The CPI rose 0.4% in February after having climbed 0.3% in January and 0.2% in both November and December. It rose1.3% in 2020, and the year-over-year increase currently is 1.7%. Food prices rose 0.1% in both January and February after having risen...
by sslifer | Jan 29, 2021 | Inflation, NumberNomics Notes
January 29, 2021 The employment cost index for civilian workers climbed at a 2.8% rate in the fourth quarter after rising at a 2.0% rate in the third quarter. Over the course of the past year it has risen 2.5%. With the unemployment rate having climbed to 14.7% in...
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