Consumer prices inch up a bit in Seattle Nov 19, 2009
The All Items, Consumer Price Index for All Urban Consumers (CPI-U) in the Seattle-Tacoma-Bremerton Consolidated Metropolitan Statistical Area measured 226. 277 last month compared with 1982- 84, when it was 100, the government said. (Puget Sound Business Journal, WA)
Inflation slump means no raise for Pa. officials Nov 19, 2009
Those increases are tied to the U.S. Consumer Price Index for the Philadelphia metropolitan region, which measures inflation over a 12-month period. Usually that index increases triggering the automatic raises but federal officials said Wednesday that it declined this year. (Carlisle Sentinel, PA)
Court again upholds Save our Homes Nov 18, 2009
The constitutional amendment, which passed in 1992 and went into effect in 1995, caps the increase in annual assessments of homestead properties in Florida to 3 percent or the Consumer Price Index, whichever is less. It was designed to protect full-time Florida homeowners from skyrocketing increases in property values. (South Florida Business Journal, FL)
Pa. House debates changes to legal ad rules Nov 18, 2009
The proposal under consideration Tuesday would set legal ad rates at three-fourths of the lowest commercial rate in effect on July 1, with future increases pegged to the regional consumer price index. It would also require legal ads to be available through a searchable on-line database. (Carlisle Sentinel, PA)
Regional Roundup Nov 18, 2009
Usually it is tied to the cost of living through the Consumer Price Index. At a Sept. 15 meeting, Haines asked city staff to put a study on the agenda at a future meeting to see if the council is willing to pay for it. (Lodi News Sentinel, CA)
JSE opens flat, eyes European markets Nov 18, 2009
Setting off Wednesday's session, traders will have a near real-time look at inflation, with the consumer price index for October set to be released in the morning. "Gold and commodities do better than stocks, bonds and real estate in rising inflationary environments," said Gregg Fisher, president of GersteinFisher. (Business Report, South Africa)
US inflation tame as industrial output growth slows Nov 18, 2009
Economists expect the consumer price index to rise a modest 0. 2 per cent, with the core rate up just 0. (Sydney Morning Herald -- Business)
Municipalities stand to lose if debated estate tax dies Nov 18, 2009
In addition, House Bill 326 would increase the estate tax exemption threshold to $366,250 in 2010 and tie future increases to the Consumer Price Index. It would also give cities, villages and townships the right to exempt the estate tax within their jurisdictions. (Columbus Business First, OH)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the Dominican Republic Nov 17, 2009
Consumer price index (period average) ... Consumer price index (eop). (IMF News)
Health Care Progress Report: November 16 Nov 17, 2009
The New York Times that the pharmaceutical industry is raising its prices at the fastest rate in years -- even as the Consumer Price Index falls -- canceling out a large portion of the the industry promised to President Obama. (AP Photo/Harry Hamburg)SENATE: Abortion and cost issues are just as hazardous for Harry Reid in the Senate. (CBS News -- Politics)
New central bank chief should focus on demand Nov 17, 2009
By reference to consumer price index (CPI) inflation, now 6. 1 percent annually and money market interest rates, which are about 7 percent a year, real interest rates in South Africa may indeed appear very low. (Business Report, South Africa)
Disney sets out to make 'The Passion for kids' Nov 17, 2009
The Consumer Price Index - the measure used by the Bank to set interest rates - is now 1. 5pc higher than a year ago. (Yahoo News -- 'The Passion of the Christ')
Move afoot to cancel Pa. officials' COLA Nov 17, 2009
The salary increases are based on the rise in the Consumer Price Index (the inflation rate) during the previous 12 months in the Philadelphia area, and that usually works out to 3 or 4 percent. Because of this COLA law, a rank-and-file lawmaker's annual salary has risen from $69,647 in 2005 to $72,187 in 2006, to $73,614 in 2007, to $76,163 in 2008, to $78,300 in 2009. (Pittsburgh Post-Gazette, PA)
Australia's Central Bank Says Pace of Rate Gains Remains `Open Question' Nov 17, 2009
Underlying inflation and gains in the annual consumer price index were expected to be consistent with the central banks target range of between 2 percent and 3 percent, the minutes said. The central bank this month predicted the nations economy will expand at more than three times the pace it forecast in August. (Bloomberg -- Australia & New Zealand)
Across Knox County, 11-16: Thanksgiving dinners a bargain this year Nov 17, 2009
As of September, the Consumer Price Index reported that grocery store prices are, on average, 2. 5 percent lower than they were at this time last year, she said. (Vincennes Sun Commercial, IN)
- Proposed water rate hike to be discussed in Imperial workshop (1) Nov 16, 2009
Any rate hikes during the fourth year would be subject to changes in the consumer price index under the proposal. IF YOU GO. (El Centro Imperial Valley Press, CA)
Retirement Investing: The End Game Nov 16, 2009
For conservative, risk-averse investors who are also worried about the long-term inflation threat, there is one relatively simple solution: Treasury Inflation-Protected Securities, or TIPS, are bonds issued by the federal government that are guaranteed to keep pace with increases in the government-calculated consumer price index. There are disadvantages to TIPS, however. (BusinessWeek)
ECB's Noyer: Price Stability Should Remain Main Goal Nov 16, 2009
Bank of Japan Governor Masaaki Shirakawa, speaking at the same forum, said the BOJ should not look just at short-term price indicators, such as the consumer price index, in measuring price stability. With the world's biggest economies emerging from recession, debate has turned to how and when policymakers should start cutting back on the trillions in public support pledged to ease the impact of the worst economic downturn since World War Two, while at the same time maintaining credible fiscal... (ABC News -- Wire)
Drug price hikes could offset savings in bill Nov 16, 2009
The drug trend is distinctly at odds with the direction of the Consumer Price Index, which has fallen by 1. 3 percent in the last year. (Boston Globe)
Indecisive Wall Street likely to stay that way Nov 16, 2009
The Consumer Price Index, a measure of prices at the retail level, likely gained 0. 2 percent. (MSNBC -- Business)
BUSINESS BRIEFING A Guide to the Week's Most Notable Business Events Nov 16, 2009
-- Labor Department releases Consumer Price Index for October. TH. (San Francisco Chronicle -- Business)
Canada Dollar Strengthens to One-Month High on Economic Recovery Outlook Nov 15, 2009
Canadas consumer price index likely increased 0. 1 percent in October from a year earlier, after four straight monthly declines, according to the median forecast in a Bloomberg News survey of 21 economists. (Bloomberg -- Canada)
Thanksgiving Dinner Costs Less to Make This Year: Chart of the Day Nov 15, 2009
The U.S. consumer price index is also displayed for comparison. This years survey, released yesterday, put the cost of feeding 10 people at $42. (Bloomberg)
Stocks Gain on Earnings, Weaker Dollar Nov 14, 2009
Other key reports next week: the Empire State index for November and business inventories for September on Monday; the October producer price index (PPI) and industrial production reports on Tuesday; the October consumer price index (CPI) and housing starts releases on Wednesday; and weekly initial jobless claims, the index of leading economic indicators for October, and the November Philadelphia Fed index on Thursday. In economic news Friday, U.S. consumer sentiment dropped to 66. (BusinessWeek)
Health care too costly Nov 14, 2009
Every day there are reports that show the cost of living in certain categories far exceeds the Consumer Price Index ... Why are the costs of health care not included in the Consumer Price Index, which is used to determine the level of inflation as reflected in the costs of goods and services. (Fresno Bee -- Opinion)
October WPI inflation at 1.34 pct y/y: Govt Nov 14, 2009
The consumer price index, which attaches greater weightage to food and essential items, was up 11. 72 percent in September. (India Times)
S&P Faces 1,100, Searches for Catalyst Nov 14, 2009
That will put next week's round of economic data in the spotlight, including retail sales, the Consumer Price Index and housing starts. The equity market's 60 percent rise from 12-year lows hit in March reflects optimism for improved demand in coming months. (ABC News -- Wire)
Housing's future changing Nov 13, 2009
Also, when wanting to examine the real change in house prices, it would probably be more desirable to use average remuneration (wage) or income with which to deflate nominal house prices as opposed to using the consumer price index (CPI), as CPI is not as good an indicator of home purchasing power changes. So, at the very least, there are three key variables that must be included in any housing affordability calculation. (iAfrica.com)
Oil slips further on US stockpiles Nov 13, 2009
He added that next year's economic growth was unlikely to bring inflation risks, with the consumer price index possibly rising about 2. 5 per cent.. (Sydney Morning Herald -- Business)
Business events scheduled for the coming week Nov 13, 2009
WASHINGTON-Labor Department releases Consumer Price Index for October, 8:30 a.m.; Commerce Department releases housing starts for October, 8:30 a.m.. NATICK, Mass. (OregonLive, OR -- Business)
British recovery highly uncertain: BoE Nov 12, 2009
The Bank of England (BoE) also forecast a sharp spike in British 12-month consumer price index inflation before the end of 2009, although this was likely to fall back to around the current levels in late 2010. "CPI inflation fell to 1.1 per cent in September, but is likely to rise sharply to above the two per cent target in the near term," said the BoE.. (Sydney Morning Herald -- Business)
Strength of British recovery 'highly uncertain' Nov 12, 2009
The BoE also forecast a sharp spike in British 12-month consumer price index inflation before the end of 2009, although this was likely to fall back to around the current level of 1. 1 percent in late 2010. (Yahoo! Asia News)
China's output, retail sales gather pace in October Nov 11, 2009
" onclick="Next();" src="/images/butt_next. " Ben Simpfendorfer, an economist at Royal Bank of Scotland in Hong Kong, said the heavy industrial manufacturing sector - cars and metals - was leading the recovery thanks to government spending. "This profile can be sustained through the first half of 2010," Simpfendorfer said. "However the recovery remains unbalanced. (Channelnewsasia.com)
China's CPI falls 0.5% in Oct., PPI down 5.8% Nov 11, 2009
BEIJING, Nov. 11 (Xinhua) -- China's consumer price index (CPI),a main gauge of inflation, dipped 0. 5 percent year on year in October, the National Bureau of Statistics (NBS) said Wednesday. (Xinhuanet, China)
China said Wed retail sales,industrial output up in October Nov 11, 2009
The key inflation rate, the consumer price index, was down 0. 5 percent in October from the same month last year, according to the National Bureau of Statistics. (The Star Online, Malaysia -- Business)
Rate rises signalled Nov 10, 2009
However, consumer price index (CPI) inflation is likely to rise in coming quarters as temporary factors that have held it down fade, and is expected to be similar to underlying inflation in 2010. Related articles. (Sydney Morning Herald -- Opinion)
Why Some Countries Are Stopping Their Stimulus Nov 9, 2009
The country's consumer price index as of September actually rose just 1. 3%, but the fear is that the resurgent economy and government's $38 billion in cash handouts and infrastructure spending will push inflation above 3. (Time.com)
Asian Markets Track US Higher After Jobs Report Nov 9, 2009
Several key economic indicators are due out this week, including retail sales, industrial output and the consumer price index. Hong Kong's Hang Seng index rose 1. (ABC News -- Business)
RBA Says Australia's Economy to Grow Faster Than Forecast, Rate Will Rise Nov 7, 2009
The headline consumer price index, which includes more volatile prices such as gasoline, will hold within that target range through to the June quarter of 2012. Parity Bets. (Bloomberg -- Australia & New Zealand)
Main Street Capital Announces Third Quarter 2009 Financial Results Nov 6, 2009
The prior maximum amount of SBIC leverage available to affiliated SBIC funds was approximately $137 million, as adjusted annually based upon changes in the Consumer Price Index. Due to the increase in the maximum amount of SBIC leverage available to affiliated SBIC funds, Main Street has access to incremental SBIC leverage to support its future investment activities. (Primezone Releases)
* Consumer Price Index contracted 1.84% last month Nov 6, 2009
Consumer Price Index contracted 1 ... The consumer price index (CPI) contracted 1. (Taipei Times, Taiwan -- World Business)
Fed to wait for labour market before tightening Nov 6, 2009
The consumer price index fell 1. 3 percent in the year to September. (Business Report, South Africa)
Rise in food prices hyped up: Montek Nov 5, 2009
Ahluwalia cited the discrepancies in Wholesale Price Index (WPI) and Consumer Price Index (CPI) and compared it with the National Sample Survey Organisation (NSSO) data, which revealed that inflation inferred by the CPI was on the higher side. On poor agriculture growth, Ahluwalia suggested that farm sector growth would always be lower than manufacturing and services sector and it was time that the farming community along with government should began concerted efforts to take the sector forward. (India Times, India -- Intl Business)
Cheat sheet for holiday airfare deals Nov 5, 2009
Fares rose 8 percent in the three-month period starting in July, according to the US consumer price index. What's pushing prices up. (Christian Science Monitor)
Grocery savings: Sydney cleans up Nov 5, 2009
The prices are collected from a wide range of outlets in different parts of each city in order to calculate the consumer price index. The raw data shows Brisbane and Melbourne prices are typically higher than Sydney's, and Brisbane's prices are often the highest of the lot. (Sydney Morning Herald -- Business)
Treasury expects to hit debt limit next month Nov 5, 2009
The value earned by an investor on a TIPS bond fluctuates with changes in the consumer price index, giving investors protection that the value of their bonds will not drop if inflation accelerates. Treasury also announced that it will raise $81 billion in its quarterly refunding operations next week including $40 billion in three-year notes to be auctioned on Monday, $25 billion in 10-year notes to be auctioned on Tuesday and $16 billion in 30-year bonds to be auctioned on Thursday. (MSNBC -- Business)
Government to take over college loan pool Nov 4, 2009
" (END OPTIONAL TRIM) For the last 10 years, college costs on average rose faster than inflation. Published tuition and fees at public four-year colleges and universities rose at an average annual rate of 4.9 percent beyond general inflation from 1999-2000 to 2009-10, more rapidly than in either of the previous two decades, according to the College Board. In this school year - 2009-2010 - four-year public colleges in the U.S. raised the average tuition cost by 6.5 percent to $7,020. At private... (AZCentral -- Business)
Read the 'Journal' transcript Nov 3, 2009
The "Wall Street Journal's Dan Henninger, Jason Riley and Steve Moore, have all been following the races and they join me now. Jason, a referendum on President Obama or not? JASON RILEY, EDITORIAL BOARD MEMBER: Well, these are all places he won pretty handily a year ago, 57 percent of the vote in New Jersey, 53 percent in Virginia. So, yes, I think it's a fair test of whether the Democratic majority he ushered in is sustainable. But it's also a test of whether Republicans can regain some ground... (Fox News)
Suriname-2009 Article IV Consultation Concluding Statement of the IMF Mission Nov 3, 2009
While food, energy, and transportation have a large weight in the consumer price index (55 percent) and their prices are rapidly falling, core inflation is also easing. Balance of payments: The external current account balance is expected to deteriorate from a surplus of 4 percent of GDP in 2008 to a deficit of 2 percent of GDP in 2009. (IMF News)
Update sought for alimony criteria in Massachusetts Nov 3, 2009
Increases in payments would be tied to the Consumer Price Index. The ability to pay would be determined by recent income, not including the resources of new significant others. (Allston Brighton TAB, MA)
Marcus likely to keep her cool in the central bank's hot seat Nov 2, 2009
Because electricity has only a small weighting in the consumer price index, the direct impact is limited; but the indirect impact is pervasive as electricity is a major input to most production processes. However, some economists believe that altering a target in the face of inflation pressure undermines the credibility of the policy - which is critical to the efficacy of inflation targeting. (Business Report, South Africa)
New WPI series for more accuracy Nov 1, 2009
There have been many debates on the method of calculation of the Wholesale Price Index (WPI) and the Consumer Price Index (CPI) ... There have been many debates on the method of calculation of the Wholesale Price Index (WPI) and the Consumer Price Index (CPI). (India Times)
Is the debt option good now? Nov 1, 2009
Inflation could turn out to be a major concern for the economy with the Consumer Price Index (CPI) based inflation rate already quoting in double digits. However, the Wholesale Price Index (WPI) based inflation rate still remains low. (India Times)
China's bank credit to rise in Q4: central bank Oct 31, 2009
The central bank also predicted consumer price index (CPI) would start to rise after hitting the bottom at the end of this year. "The CPI will remain in the negative territory in the last three months, but with slowing monthly decline," said the report. (Xinhuanet, China)
A 1,990-Page Medical Monstrosity Oct 31, 2009
Washington Post columnist Harold Meyerson on Wednesday revealed that the Senate bill's excise tax on "Cadillac" plans "targets a lot of Chevy plans as well." The tax follows a formula based on the consumer price index plus 1. But if medical costs and insurance premiums rise significantly higher than the CPI a near sure thing a lot more plans get taxed. (Investors Business Daily)
Siegel: Greenspan, Bernanke Missed Bubble Oct 30, 2009
Wharton School finance professor Jeremy J. Siegel says that during the last decade home prices rose in the U.S. at an unprecedented and unsustainable level, far faster than personal income or the consumer price index ... 5 gain in the consumer price index, or the tepid 1 percent rise in median household income. (Newsmax)
Letters to the editor (10/30/09) Oct 30, 2009
By comparison, my health insurance premium has increased 216 percent over the past seven years, while the Anchorage Consumer Price Index for the same period was 15 percent. The former CEO of United Health was compensated $1. (Anchorage Daily News)
Japan central bank to end corporate debt buying Oct 30, 2009
Prices are falling as a result, with the nation's core consumer price index down 2. 3 percent in September from the previous year. (The Star Online, Malaysia)
Readers Write 10/30 Oct 30, 2009
The consumer price index for all urban wage earners and clerical workers (CPI-W), averaged for July through September 2009, has not increased since the same months of 2008. In fact, it has decreased. (Atlanta Journal-Constitution -- Opinion)
Cropp: Prices Rising, Pulled by Butter, Cheese, Whey Oct 30, 2009
However, the September Consumer Price Index showed a slight price increase from August to September for whole milk and cheese. August marked the sixth straight month of growth in the volume of nonfat dry milk/skim milk powder, but exports were still 21 percent down from a year ago. (Minnesota Farm Guide, MN)
Peshawar blast addsto investor woes Oct 30, 2009
The consumer price index surged 10. 7% in September compared with a year earlier, according to the FBS. The wholesale price index gained only 0. (Asia Times Online)
BOJ withdraws from credit market Oct 30, 2009
In a sign weak demand is playing an increasing part in pushing down prices, the so-called core-core consumer price index, which strips out food and energy costs, fell 1. 0 percent in September from a year ago, larger than than the 0. (India Times)
Inflation by stealth Oct 30, 2009
The benign Consumer Price Index (CPI) figures are serving as a rallying point behind which the financial talking-heads are forming. a parade of optimism. (Asia Times Online)
Japan's jobless rate declines Oct 30, 2009
Japan's core consumer price index fell 2. 3 percent, continuing its steady decline this year. (CNN -- International)
Carney Signals Bank of Canada Wants to Control Credit and Inflation Moves Oct 29, 2009
The consumer price index is used as benchmark for wage and pension increases, and it affects bond yields used to price government and mortgage debt. We could be in an environment of somewhat more volatile inflation, which I suppose at the end of the day creates a bit more risk for bondholders over the full cycle, said , deputy chief economist with BMO Capital Markets in Toronto, in a telephone interview. (Bloomberg -- Canada)
