Monday , May 16 2022
Home / Tag Archives: consumer price index

Tag Archives: consumer price index

Inflation Falls

Alan Reynolds beat me to it, with an excellent analysis of the latest inflation numbers. Alan notes that “CNBC, like others, reported that ‘The consumer price index accelerated 8.3% in April.'” No it didn’t. It rose by 8.3 percent from the same time last year. But the CPI rose by 0.33 percent in April. Compare that to its 1.2 percent rise in March. Inflation came down. Do I expect it to come down further? Not necessarily. But I expect the month-to-month inflation...

Read More »

Hidden Price Increases

Former co-blogger Bryan Caplan (how I miss his presence on EconLog) pointed out in April 2020 that the true cost of living in 2020 rose substantially more than the recorded Consumer Price Index stated. The reason is simple: variety fell and it took more time to get a given number of items at stores. I’ve been experiencing that recently. My wife needs a particular kind of milk to make her morning latte. I used to be able to get her latte at Starbucks but her situation...

Read More »

John Tamny’s Quizzical Statement

In one of the lead letters in the Wall Street Journal on 12/20/21 (print edition on 12/21/21), John Tamny closes with the following statement: The state of the consumer-price index is a political phenomenon born of panic, not an inflationary story of dollar-price decline. I assume that by “dollar-price decline,” Tamny means a decline in the value of the dollar; otherwise it wouldn’t be an “inflationary story.” But Tamny doesn’t deny that consumer prices have risen a...

Read More »

Chart of the day…. or century? – Publications – AEI

AEI Chart of the day…. or century? As I wrote last summer on CD, I’ve probably created and posted more than 3,000 graphics on CD, Twitter, and Facebook including charts/graphs, tables, figures, maps and Venn diagrams over the last 12 years. Of all of those graphics, I don’t think any single one has ever gotten more attention, links, re-Tweets, re-posts, and mentions than the one above (and previous versions), which has been referred to as “the Chart of the...

Read More »

Chart of the day…. or century? – Publications – AEI

AEI Chart of the day…. or century? As I wrote last summer on CD, I’ve probably created and posted more than 3,000 graphics on CD, Twitter, and Facebook including charts/graphs, tables, figures, maps and Venn diagrams over the last 12 years. Of all of those graphics, I don’t think any single one has ever gotten more attention, links, re-Tweets, re-posts, and mentions than the one above (and previous versions), which has been referred to as “the Chart of the...

Read More »

The CD ‘chart of the century’ makes the rounds at the Federal Reserve – Publications – AEI

AEI The CD ‘chart of the century’ makes the rounds at the Federal Reserve Over the last 12 years, I’ve probably created and posted more than 3,000 graphics on CD, Twitter, and Facebook including charts/graphs, tables, figures, maps and Venn diagrams. Of all of those graphics, I don’t think any single one has ever gotten more attention, links, re-Tweets, re-posts, and mentions than the one above (and previous versions), which has been referred to as “the Chart of...

Read More »

Chart of the day (century?): Price changes 1997 to 2017 – Publications – AEI

AEI Chart of the day (century?): Price changes 1997 to 2017 The chart above (thanks to Olivier Ballou) is an update of a chart we produced last year about this time, and shows the percent changes since January 1997 in the prices of selected consumer goods and services, along with the increase in average hourly earnings in this version (which have increased by 81.5% over the last 21 years vs. the 55.6% increase in the CPI). See any patterns? Tradeables (with import competition like TVs) vs....

Read More »

Mark Carney Forced To Explain Surge In UK Inflation To Highest In Almost 6 Years

The market expected Mark Carney to avoid it but it was just not meant to be. The BoE Governor will suffer the ignominy of a bizarre tradition of having to write a letter to the Chancellor of the Exchequer explaining why UK inflation is more than 1.0% above the target of 2.0%. The market had expected the UK CPI to rise by a modest 0.2% month-on-month, taking the year-on-year rate up to 3.0%. Instead the month-on-month rate hit 0.3% pushing the annual rate to 3.1%, its highest rate since March...

Read More »

David Stockman Lashes Out At Mainstream Media’s “Peak Fantasy Time”

Authored by David Stockman via Contra Corner blog, If you want to know why both Wall Street and Washington are so delusional about America's baleful economic predicament, just consider this morsel from yesterday's Wall Street Journal on the purportedly awesome November jobs report. Wages rose just 2.5% from a year earlier in November - near the same lackluster pace maintained since late 2015, despite a much lower unemployment rate. But in a positive sign for Americans’ incomes, the average...

Read More »

Asian Stocks Surpass 2007 Peak, Hit Record High As Chinese Inflation Comes In Hot

China’s factory prices (PP) jumped last month despite authorities' continued attempts to curb industrial production to combat pollution. China's PPI rose 6.9% in October Y/Y, higher than the projected 6.6% while consumer prices climbed 1.9%, also higher than the median forecast of 1.8%, and above last month's 1.6% Y/Y increase. As Bloomberg notes, during last month's Party Congress policymakers signaled a shift away from the growth-at-all-costs model amid greater focus on curbing pollution...

Read More »