by sslifer | Feb 26, 2021 | Inflation, NumberNomics Notes
February 26, 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....
by sslifer | Feb 25, 2021 | GDP, Inflation, NumberNomics Notes
February 25, 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 | Feb 24, 2021 | Inflation, NumberNomics Notes
February 24, 2021 Gasoline prices at the retail level rose $0.13 in the week ending February 22 to $2.63 per gallon. In South Carolina gasoline prices tend to about $0.25 below the national average or about $2.38. The EIA expect gasoline prices to average $2.40 per...
by sslifer | Feb 17, 2021 | Inflation, NumberNomics Notes
February 17, 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 jumped 1.3% in...
by sslifer | Feb 10, 2021 | Inflation, NumberNomics Notes
February 10, 2021 The CPI rose 0.3% in January after increasing 0.2% in both November and December. It rose1.3% in 2020, and the year-over-year increase currently is 1.4%. Food prices rose 0.1% in January after having risen 0.3% in December. In the past year food...
by sslifer | Jan 29, 2021 | Inflation, NumberNomics Notes
January 29, 2021 The employment cost index for civilian workers climbed at a 2.8% rate in the fourth quarter after rising at a 2.0% rate in the third quarter. Over the course of the past year it has risen 2.5%. With the unemployment rate having climbed to 14.7% in...
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