Gross Domestic Purchases Deflator

November 30, 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...

Gasoline Prices

November 30, 2022 Gasoline prices declined $0.11 in the week ending November 28  to $3.53 after having fallen $0.11 in the previous week. Prices have now fallen $1.47since reaching a high of $5.00 in mid-June.   In South Carolina gasoline prices tend to be about $0.25...

Producer Price Index

November 15, 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 0.2% in...

Consumer Price Index

November 10, 2022 The CPI rose 0.4% in October after having risen 0.4% in September.  It rose 1.3% in 2020, and 7.1% in 2021.  The year-over-year increase now stands at 7.8,  We expect the CPI to increase 7.4% in 2022. 4.8% in 2023, and 2.9% in 2024.  The October gain...

Employment Cost Index

October 28, 2022 The employment cost index for civilian workers climbed at a 5.0% rate in the third quarter after rising at a 5.3% pace in the second quarter.   Over the course of the past year it has risen 5.%.  As always, the increases diverge amongst industries. ...