by sslifer | May 12, 2022 | Inflation, NumberNomics Notes
May 12, 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 rose 0.5% in April...
by sslifer | May 11, 2022 | Inflation, NumberNomics Notes
May 11, 2022 Gasoline prices jumped $0.15 cents in the week ending May 9 to $4.33 after having fallen $0.09 in the previous week. In South Carolina gasoline prices tend to about $0.25 below the national average or $4.08. The EIA currently expects gasoline prices...
by sslifer | May 11, 2022 | Inflation, NumberNomics Notes
May 11, 2022 The CPI rose 0.3% in April after having umped 1.2% in March. 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 8.1% in 2022. Food prices climbed 0.8% in April after having jumped...
by sslifer | Apr 29, 2022 | Inflation, NumberNomics Notes
April 29, 2022 The employment cost index for civilian workers climbed at a 5.7% rate in the first quarter after rising at a 3.8% pace in the fourth quarter. Over the course of the past year it has risen 4.5%. With the unemployment rate currently at 3.6% and full...
by sslifer | Apr 29, 2022 | Inflation, NumberNomics Notes
April 29, 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 | Apr 28, 2022 | GDP, Inflation, NumberNomics Notes
April 28, 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...
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