by sslifer | Sep 15, 2021 | Inflation, NumberNomics Notes
September 15, 2021 Gasoline prices fell $0.01 in the week ending September 13 .to $3.17 per gallon. In South Carolina gasoline prices tend to about $0.25 below the national average or about $2.92. The EIA expect gasoline prices nationally to average $2.87 per...
by sslifer | Sep 14, 2021 | Inflation, NumberNomics Notes
September 14, 2021 The CPI rose 0.3% in August after climbing 0.5% in July and 0.9% in June. It rose 1.3% in 2020, and the year-over-year increase currently is 5.2%. Food prices rose 0.4% in August after rising 0.7% in July and 0.8% in June. In the past year food...
by sslifer | Sep 10, 2021 | Inflation, NumberNomics Notes
September 10, 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 0.7% in...
by sslifer | Aug 26, 2021 | GDP, Inflation, NumberNomics Notes
August 26, 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...
by sslifer | Jul 30, 2021 | Inflation, NumberNomics Notes
July 30, 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...
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