by sslifer | Jul 26, 2024 | Inflation, NumberNomics Notes
July 26, 2024 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 | Jul 25, 2024 | GDP, Inflation, NumberNomics Notes
July 25, 2024 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 | Jul 12, 2024 | Inflation, NumberNomics Notes
July 12 2024 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 for 0.2% in June...
by sslifer | Jul 11, 2024 | Inflation, NumberNomics Notes
July 11, 2024 The CPI fell 0.1% in June after having been unchanged in May. The year-over-year increase is currently 3.0%. We expect the CPI to increase 2.9% in 2024. Food prices rose 0.2% in June after climbing 0.1% in May. In the past year food prices have risen...
by sslifer | Apr 30, 2024 | Inflation, NumberNomics Notes
April 30, 2024 The employment cost index for civilian workers climbed at a 4.7% annual rate after gaining 3.7% in the fourth quarter. Over the course of the past year it has risen 4.2%. With the unemployment rate currently at 3.8% and full employment presumably...
by sslifer | Jun 13, 2023 | Inflation, NumberNomics Notes
June 13, 2023 Gasoline prices fell $0.03 in the week ending June 5 to $3.54 after having risen $0.04 in the previous week. In South Carolina gasoline prices tend to be about $0.25 below the national average or $3.29. The EIA currently expects gasoline prices...
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