by sslifer | Aug 11, 2022 | Inflation, NumberNomics Notes
August 11, 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 fell 0.5% in...
by sslifer | Aug 10, 2022 | Inflation, NumberNomics Notes
August 10, 2022 Gasoline prices fell $0.15 in the week ending August 8 to $4.04 after having fallen $0.14 in the previous week. Prices have now fallen $0.97 since reaching a peak in mid-June. In South Carolina gasoline prices tend to about $0.25 below the national...
by sslifer | Aug 10, 2022 | Inflation, NumberNomics Notes
August 10, 2022 The CPI was unchanged in July after having jumped 1.3% in June and climbing 1.0% in May. It rose 1.3% in 2020, and 7.1% in 2021. The year-over-year increase now stands at 8.5% and we expect the CPI to increase 8.1% in 2022. Swings in energy prices...
by sslifer | Jul 29, 2022 | Inflation, NumberNomics Notes
July 29, 2022 The employment cost index for civilian workers climbed at a 5.3% rate in the second quarter after rising at a 5.7% pace in the first quarter. Over the course of the past year it has risen 5.1%. With the unemployment rate currently at 3.6% and full...
by sslifer | Jul 29, 2022 | Inflation, NumberNomics Notes
July 29, 2022 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 28, 2022 | GDP, Inflation, NumberNomics Notes
July 28, 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 report. ...
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