There’s been another bump in the disinflationary road. The Bureau of Labor Statistics announced the Consumer Price Index (CPI) increased 0.4 percent in February and 3.2 percent year-over-year, exceeding many economists’ predictions. That’s...
Writing in The American Conservative, Rep. Josh Brecheen (R-OK) recently blamed inflation on irresponsible fiscal policy. He cites a barrage of statistics on the magnitude of the national debt, the looming insolvency of Social Security and...
The Bureau of Labor Statistics (BLS) announced that inflation as measured by the Consumer Price Index (CPI) was 3.1 percent year-over-year in January. Core inflation, which excludes volatile food and energy prices, was slightly higher at 3...
After a scare with January’s Consumer Price Index (CPI) release, economists and market watchers are breathing a sigh of relief following the latest Personal Consumption Expenditures Price Index (PCEPI) data.
Once a bastion of sound reporting, the Wall Street Journal’s economy desk is slowly descending into incoherence. The latest confusion is Paul Hannon’s article about inflation. His opening sentence is a whopper: “Extraordinary corporate...
Inflation rose slightly in November, according to the Bureau of Labor Statistics. The Consumer Price Index (CPI) grew 0.1 percent last month after remaining essentially unchanged in October. Year-over-year headline inflation was 3.1...
Alan Blinder thinks American households and workers have never had it so good. But because they’re trusting their lying eyes instead of experts like him, they’re disgruntled about the economy. Why don’t the hoi polloi appreciate that “...
We live in an era of macroeconomic superstition. Much of what commentators think they know about monetary policy just ain’t so. A recent example is the purported link between economic growth and inflation.
Former World Bank president David Malpass thinks government policy is the primary cause of inflation and slow growth. I agree, but not for the same reasons.
Inflation is back! Or so the commentariat would have you believe. The Consumer Price Index (CPI) grew 0.6 percent in August, significantly higher than the previous six monthly increases. Consumer prices have grown 3.7 percent over the last...