by sslifer | Oct 21, 2021 | Inflation, NumberNomics Notes
October 21, 2021 Gasoline prices rose $0.06 in the week ending October 18 to $3.32 per gallon. In South Carolina gasoline prices tend to about $0.25 below the national average or $3.07. The EIA expects gasoline prices nationally to average $2.97 per gallon this year...
by sslifer | Oct 14, 2021 | Inflation, NumberNomics Notes
October 14, 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 0.5% in...
by sslifer | Oct 13, 2021 | Inflation, NumberNomics Notes
October 13, 2021 The CPI rose 0.4% in September after climbing 0.3% in August, 0.5% in July, and 0.9% in June. It rose 1.3% in 2020, and the year-over-year increase currently is 5.4%. Food prices jumped 0.9% in September after rising 0.4% in August, 0.7% in July, and...
by sslifer | Oct 1, 2021 | Inflation, NumberNomics Notes
October 1, 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 | Sep 30, 2021 | GDP, Inflation, NumberNomics Notes
September 30, 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 | Jul 30, 2021 | Inflation, NumberNomics Notes
July 30, 2021 The employment cost index for civilian workers climbed at a 2.8% rate in the first quarter after rising at a 3.7% rate in the first quarter. Over the course of the past year it has risen 2.8%. The increase was led by the wage component. With the...
Follow Me