Producer Price Index

March 15 2023 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...

Gasoline Prices

March 15, 2023 Gasoline prices rose $0.07 in the week ending March 13 to $3.46 after having risen $0.05 in the previous week. Prices have now fallen $1.54 since reaching a high of $5.00 in mid-June of last year.   In South Carolina gasoline prices tend to be about...

Consumer Price Index

March 14, 2023 The CPI rose 0.4% in February after climbing 0.5% in January.  It rose 6.4% in 2022,  The year-over-year increase is currently 6.0%.  We expect the CPI to increase  4.8% in 2023, and 3.0% in 2024.  While the markets are convinced that inflation will now...

Employment Cost Index

January 31, 2023 The employment cost index for civilian workers climbed at a 3.1% rate in the fourth quarter after rising at a 5.0% rate in the third quarter   Over the course of the past year it has risen 4.9%.  As always, the increases diverge amongst industries. ...

Gross Domestic Purchases Deflator

January 26, 2023 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...