by sslifer | May 20, 2020 | Inflation, NumberNomics Notes
May 20, 2020 Gasoline prices at the retail level rose $0.03 in the week ending May 18 to $1.88 per gallon. After hitting bottom at $1.77 in the week of April 27, this is the third consecutive weekly increase in gas prices. In South Carolina gasoline prices tend to...
by sslifer | May 13, 2020 | Inflation, NumberNomics Notes
May 13, 2020 The Producer Price Index for final demand – intermediate 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...
by sslifer | May 12, 2020 | Inflation, NumberNomics Notes
May 12, 2020 The CPI fell 0.8% in April after having declined 0.4% in March. A 20.6% drop in gasoline prices was the largest contributor to the drop, but apparel, motor vehicle insurance, airfares, and hotels all fell sharply as well.. The CPI excluding the volatile...
by sslifer | Apr 30, 2020 | Inflation, NumberNomics Notes
April 30, 2020 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 29, 2020 | GDP, Inflation, NumberNomics Notes
April 29, 2020 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 | Apr 29, 2020 | Inflation, NumberNomics Notes
April 29, 2020 The employment cost index for civilian workers climbed at a 3.2% rate in the first quarter. Over the course of the past year it has risen 2.8%. But this is a first quarter number and the world has changed in the past six weeks. More than 23 million...
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