Producer Price Index

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%...

Consumer Price Index

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...

Gross Domestic Purchases Deflator

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...

Employment Cost Index

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...

Gasoline Prices

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...