by sslifer | Jul 14, 2021 | Inflation, NumberNomics Notes
July 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 1.0% in June...
by sslifer | Jul 13, 2021 | Inflation, NumberNomics Notes
July 13, 2021 The CPI jumped 0.9% in June after climbing 0.6% in May, 0.8% in April, and 0.6% in March. It rose 1.3% in 2020, and the year-over-year increase currently is 5.3%. Food prices rose 0.8% in June after climbing 0.4% in both April and May. In the past...
by sslifer | Jun 25, 2021 | Inflation, NumberNomics Notes
June 25, 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 | Jun 24, 2021 | GDP, Inflation, NumberNomics Notes
June 24, 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 report. ...
by sslifer | Jun 17, 2021 | Inflation, NumberNomics Notes
June 17, 2021 Gasoline prices rose $0.03 in the week ending June 14 .to $3.07 per gallon. In South Carolina gasoline prices tend to about $0.25 below the national average or about $2.82. The EIA expect gasoline prices nationally to average $2.77 per gallon this...
by sslifer | Apr 30, 2021 | Inflation, NumberNomics Notes
April 30, 2021 The employment cost index for civilian workers climbed at a 3.7% rate in the first quarter after having risen 2.8% in the fourth quarter. Over the course of the past year it has risen 2.6%. The increase was led by the wage component. With the...
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