by sslifer | Sep 22, 2022 | Inflation, NumberNomics Notes
September 22, 2022 Gasoline prices fell $0.04 in the week ending September 19 to $3.65 after having fallen $0.06 in the previous week. Prices have now fallen $1.35 since reaching a peak in mid-June. In South Carolina gasoline prices tend to be about $0.25 below the...
by sslifer | Sep 14, 2022 | Inflation, NumberNomics Notes
September 14, 2022 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 fell 0.1% in...
by sslifer | Sep 13, 2022 | Inflation, NumberNomics Notes
September 13, 2022 The CPI rose 0.1% in August after having been unchanged in July after having jumped 1.3% in June and climbing 1.0% in May. It rose 1.3% in 2020, and 7.1% in 2021. The year-over-year increase now stands at 8.2% and we expect the CPI to increase...
by sslifer | Aug 26, 2022 | Inflation, NumberNomics Notes
August 26, 2022 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 | Aug 25, 2022 | GDP, Inflation, NumberNomics Notes
August 25, 2022 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 | Jul 29, 2022 | Inflation, NumberNomics Notes
July 29, 2022 The employment cost index for civilian workers climbed at a 5.3% rate in the second quarter after rising at a 5.7% pace in the first quarter. Over the course of the past year it has risen 5.1%. With the unemployment rate currently at 3.6% and full...
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