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Tag Archives: CPI

Gasoline, Part D, and Medicare Inflationary Increases

Simple commentary. Just started to receive information on increases. Gasoline is a no brainer. We drive a fuel efficient vehicle and do five over as opposed to what others do. It is interesting to hear the complaints. Thirty-gallon gasoline tank plus fast driving and you are getting into some serious money. You can only tell them if they will listen. Most will not and get belligerent. Saudi Arabia and Russia have agreed to extend their voluntary...

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What to look for in tomorrow’s CPI and Friday’s PPI

What to look for in tomorrow’s CPI and Friday’s PPI  – by New Deal democrat  We’re still in the post-jobs report lull in economic news today. That will end tomorrow with initial jobless claims, and also CPI and PPI tomorrow and Friday respectively. I always watch CPI, but I believe the PPI is uniquely important at present as well. To show you why, let me show you the YoY relationship between PPI and CPI for the past 75 years in two...

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What to look for in tomorrow’s CPI and Friday’s PPI

What to look for in tomorrow’s CPI and Friday’s PPI  – by New Deal democrat  We’re still in the post-jobs report lull in economic news today. That will end tomorrow with initial jobless claims, and also CPI and PPI tomorrow and Friday respectively. I always watch CPI, but I believe the PPI is uniquely important at present as well. To show you why, let me show you the YoY relationship between PPI and CPI for the past 75 years in two...

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The American working class is doing better, thank you very much

The American working class is doing better, thank you very much  – by New Deal democrat With the release of the CPI report earlier this week, I can update several measures of average middle class American income. Real average hourly wages increased 0.2% in June, and are up 1.6% from one year ago: Real aggregate payrolls for the entire spectrum of nonsupervisory American workers increased  0.3% in June and are up 3.1% from one year ago:...

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The American working class is doing better, thank you very much

The American working class is doing better, thank you very much  – by New Deal democrat With the release of the CPI report earlier this week, I can update several measures of average middle class American income. Real average hourly wages increased 0.2% in June, and are up 1.6% from one year ago: Real aggregate payrolls for the entire spectrum of nonsupervisory American workers increased  0.3% in June and are up 3.1% from one year ago:...

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Inflation ex-shelter increasing at 1.0% annualized rate since last June; core inflation with actual house prices only up 3.0% YoY

Inflation ex-shelter increasing at 1.0% annualized rate since last June; core inflation with actual house prices only up 3.0% YoY  – by New Deal democrat Two months ago, I “officially” took the position that inflation had been conquered, and that, properly measured, the economy had actually been experiencing deflation since last June. With revisions, the “actual deflation” is no longer the case; but for the second month in a row since then,...

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October CPI reports total inflation increases at a 3.5% annual rate

October CPI report: total inflation increasing at 3.5% annual rate, core inflation minus shelter increasing at 2.8% annual rate in the past 4 months  – by New Deal democrat For a full year now I’ve been hammering the fact that the official CPI measure of housing inflation, “owners’ equivalent rent,” seriously lags actual house prices as measured by the most popular housing indexes. I said then, and I have reiterated almost every month since,...

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Previewing July CPI: about gas, housing, and vehicle prices

Previewing July CPI: good news and bad news about gas, housing, and vehicle prices  – by New Deal democrat While July’s consumer inflation is likely to be less intense than in recent months, I don’t see it coming back down to more “normal” levels. The good news is gas; the bad news is vehicles and housing. To begin with, gas prices have fallen about 25% from their peak at the end of June to this past weekend. To get to their “real” price, I...

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A Bad June CPI Report

June CPI report: bad, bad, bad, bad, bad  – by New Deal democrat In case for some reason you haven’t already heard, the inflation news for June was uniformly bad. Here is some of the carnage. For the month of June only:   overall inflation was up 1.3%, the highest monthly increase since 2005  energy inflation was up 7.5%  inflation less energy was up 0.7%  inflation in used cars and trucks was up 1.6%  inflation in rents was up 0.8%, the...

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Housing prices surge, no moderation in CPI

House prices continued to surge through April; expect no meaningful moderation in the CPI anytime soon House price increases continued to go through the roof as of April, as reported this morning in both the Case Shiller and FHFA house price indexes. The Case Shiller national index rose another 2.1% for the month and 20.4% YoY, just 0.1% below last month’s biggest YoY% gain ever, while the FHFA purchase only index rose 1.6% for the month, and...

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