Tag Archives: CPI

April 2013 CPI Moderates to 1.1% Year-over-Year Inflation

by Doug Short and Steven Hansen The April 2013 Consumer Price Index (CPI-U) year-over-year inflation rate fell from 1.5% to 1.1% . Core inflation (CPI less food and energy) fell slightly also from 1.9% to 1.7%. The dynamics were large … Continue reading

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Retail Sales Stay Right on Trend but Economists Get It Wrong Again

by Lee Adler, Wall Street Examiner Retail sales grew modestly and on trend in April. There was no evidence of either a slowing economy or one that is overheating and about to cause conventional inflation measures to move higher. At … Continue reading

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Congress Considers Screwing Seniors

Written by Steven Hansen How many of the elderly live totally on social security benefits live better and better every year?  It seems that social security is designed as a declining real benefit program. Yet the CBO in Testimony on … Continue reading

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Reinhart. Rogoff. Wrong.

by Dirk Ehnts, Econoblog101 This is a major scandal of economists finding a result which does not hold under closer scrutiny. Back in 2010, which is just the year that European austerity policies were put into place, the authors published … Continue reading

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Some New Estimates of Japanese Trade Elasticities

by Menzie Chinn, Econbrowser.com Appeared originally 11 April 2013 at Econbrowser.  Image below added by Econintersect. One component of Abenomics is a vigorously expansionary monetary policy. The yen has depreciated substantially as a consequence – as of February, about 20% … Continue reading

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March 2013 CPI Moderates to 1.5% Year-over-Year Inflation

by Doug Short and Steven Hansen The March 2013 Consumer Price Index (CPI-U) year-over-year inflation rate fell from 1.7% to 1.5% . Core inflation (CPI less food and energy) fell slightly also from 2.0% to 1.9%. The dynamics were large … Continue reading

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February 2013 CPI Rises to 2.0% Year-over-Year Inflation

by Doug Short and Steven Hansen The February 2013 Consumer Price Index (CPI-U) year-over-year inflation rate rose from 1.7% to 2.0% – with the largest month-over-month jump in over a year. Core inflation (CPI less food and energy) rose slightly … Continue reading

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January 2013 CPI Moderates to 1.6% Year-over-Year Inflation

by Doug Short and Steven Hansen The January 2013 Consumer Price Index (CPI-U) year-over-year inflation rate fell modestly from 1.7% to 1.6%. Core inflation (CPI less food and energy) remained at 1.9%. The dynamics are moderate increase from services, but … Continue reading

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December 2012 CPI Moderates to 1.7% Year-over-Year Inflation

by Doug Short and Steven Hansen The November 2012 Consumer Price Index (CPI-U) year-over-year inflation rate fell modestly from 1.8% to 1.7%. Core inflation (CPI less food and energy) remained at 1.9%. The dynamics are moderate increase from food, but … Continue reading

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November 2012 CPI Declines to 1.8% Inflation Year-over-Year

by Steven Hansen and Doug Short The November 2012 Consumer Price Index (CPI-U) annual inflation rate fell modestly from 2.2% to 1.8%. Core inflation (CPI less food and energy) decreased slightly from 2.0% to 1.9%annual inflation.  Per the BLS: “Hurricane … Continue reading

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October 2012 CPI Rises to 2.2% Inflation Year-over-Year

by Steven Hansen and Doug Short The October 2012 Consumer Price Index (CPI-U) annual inflation rate grew from 2.0% to 2.2%. Core inflation (CPI less food and energy) was unchanged at 2.0% annual inflation. The dynamics are energy and food … Continue reading

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GDP Report: Improving Growth or Continued Weakness?

by Rick Davis In their first (“Advance”) estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 2.02% annualized rate, some 0.76% higher than for … Continue reading

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September 2012 CPI Shows Annual Inflation Grew to 2.0%

by Steven Hansen and Doug Short The September 2012 Consumer Price Index (CPI-U) annual inflation rate grew from 1.7% to 2.0%. Core inflation (CPI less food and energy) grew slightly from 1.9% to 2.0% annual inflation. The dynamics are energy … Continue reading

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August 2012 CPI Up Slightly to 1.7% Annual Inflation Mostly Due to Oil

by Steven Hansen and Doug Short The August 2012 Consumer Price Index (CPI-U) annual inflation rate grew from 1.4% back to 1.7%. Core inflation (CPI less food and energy) eased slightly from 2.1% to 1.9% annual inflation. The dynamics are … Continue reading

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July 2012 CPI Shows Offsetting Inflationary Dynamics

by Steven Hansen and Doug Short The July 2012 Consumer Price Index (CPI-U) annual inflation rate contracted from 1.7% to 1.4. Core inflation (CPI less food and energy) eased slightly from 2.2% to 2.1% annual inflation. The dynamics are energy … Continue reading

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June 2012 CPI Essentially Unchanged

by Steven Hansen and Doug Short The May 2012 Consumer Price Index (CPI-U) annual inflation rate was unchanged at 1.7%.  Core inflation (CPI less food and energy) eased slightly from 2.3% to 2.2% annual inflation. The dynamics of the components … Continue reading

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May 2012 CPI Continues to Moderate, Core Inflation Again Unchanged

by Steven Hansen and Doug Short The May 2012 Consumer Price Index (CPI-U) annual inflation rate fell from 2.3% to 1.7%. Core inflation (CPI less food and energy) was unchanged again at 2.3% annual inflation. The Producer Price Index (released … Continue reading

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Inflation is Disappearing in May 2012 Producer Price Index

Written by Steven Hansen The supply chain inflation continues to be inverted – with deflation in the crude and intermediate goods portion of the index. Historically, crude goods trends drive finished goods trends. The Producer Price Index (PPI) finished goods … Continue reading

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Government and Consumer Drag on GDP

by Rick Davis In their second estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) lowered the annualized rate of U.S. domestic economic growth to 1.88% (down about a third of a percent from the 2.20% … Continue reading

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April 2012 CPI Continues to Show Slowing Inflation

by Steven Hansen and Doug Short The April 2012 Consumer Price Index (CPI-U) annual inflation rate fell from 2.7% to 2.3%. Core inflation (CPI less food and energy) was unchanged at 2.3% annual inflation [note that the Federal Reserve uses … Continue reading

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