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Author Archive | David Rosnick

Change in Rend and Owner

CPI Rises 0.4 Percent in August

The Consumer Price Index rose 0.4 percent in August and at a 2.6 percent annualized rate over the last three months.  By contrast, the CPI rose at a 4.6 percent rate from February to May and at a 5.6 percent rate the three months before that. Food and energy prices continue to push up overall […]

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CPI Rises 0.2 Percent

The Consumer Price Index rose 0.2 percent in May — the slowest rate since November — as energy prices fell for the first time since last June.  The core rate of inflation ticked up to 0.3 percent and is now running at a 2.5 percent annualized rate over the last three months. Energy prices had […]

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Consumer Price Index Up 0.4 percent in April

The Consumer Price Index rose 0.4 percent in April and at a 6.2 percent annualized rate over the last three months.  Headline inflation continues to be driven in large part by rapid increases in energy prices — up 2.2 percent last month, and at a 42.8 percent annualized rate over the last three months as […]

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Effect of Seasonal Adjustment Revisions on Core Finished Goods Prices, Dec 2009 - Jan 2011

Real Wages Fall for Third Consecutive Month

The Consumer Price Index rose 0.4 percent in January while core prices rose only 0.2 percent.  Energy prices rose 2.1 percent in the month and were once again the main cause of the greater headline inflation.  By contrast, food prices have not seen high inflation.  Food prices rose 0.5 percent in January, but over the […]

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Energy Prices Push CPI Up 0.5 Percent in December

The Consumer Price Index rose 0.5 percent in December — the largest single-month jump since July of 2009, when the index rose 0.7 percent.  This rise in headline inflation is entirely attributable to a 4.6 percent increase in energy prices over the month.  Though energy accounts for less than one-tenth of the index, the price […]

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Monthly Change in Core CPI and Core Finished Goods, Nov 2008-Nov 2010

CPI Edges Up 0.1 Percent

The Consumer Price Index rose 0.1 percent in November.  Over the last three months, headline inflation has run at an annualized rate of 1.8 percent, compared to 1.7 percent in the previous three.  Despite November’s more moderate 0.2 percent rise in energy prices, the last three months have seen a 14.8 percent annualized rate of […]

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Monthly Change in Owners

Core Inflation Virtually Flat since July

The Consumer Price Index rose 0.2 percent in October as the inflation in the price of energy rebounded to 2.6 percent in the month.  The overall price of core consumer goods and services remained virtually flat for the third consecutive month.  Over that time, the core rate of inflation has been only 0.2 percent, annualized. […]

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Econ 101 Fail

OK, folks.  It’s time for a refresher on basic national accounts.  Treasury Secretary Tim Geithner is interested in reducing current account surpluses around the world without devaluing the dollar.  Good luck with that. Even worse, Geithner reiterated that the U.S. “will bring our fiscal position back to a sustainable balance.” Loosely speaking, our national income […]

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Change in Commodity Prices, Dec 2003-Sept 2010

Continued Threat of Deflation

The Consumer Price Index rose 0.1 percent in September as consumer energy price inflation slowed to 0.7 percent after gains of 2.6 and 2.3 percent in July and August.  Overall prices have grown at a 2.7 percent annualized rate over the last three months.  The core CPI remained unchanged over the month and has now […]

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