by sslifer | Sep 14, 2023 | Inflation, NumberNomics Notes
September 14, 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 jumped 0.7%...
by sslifer | Sep 12, 2023 | Inflation, NumberNomics Notes
September 12, 2023 The CPI jumped 0.6% in August after climbing 0.2% in July The year-over-year increase is currently 3.7%. We expect the CPI to increase 4.0% in 2023, and 3.0% in 2024. While the markets are convinced that inflation will now improve rapidly, that...
by sslifer | Aug 31, 2023 | Inflation, NumberNomics Notes
August 31, 2023 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 | Aug 30, 2023 | GDP, Inflation, NumberNomics Notes
August 30, 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...
by sslifer | Jul 28, 2023 | Inflation, NumberNomics Notes
July 28, 2023 The employment cost index for civilian workers climbed at a 4.1% rate in the second quarter after rising 4.6% rate in the first quarter Over the course of the past year it has risen 4.5%. With the unemployment rate currently at 3.6% and full employment...
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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