PRICES & SPENDING • Apr 2016 • Volume 5 / Number 6
Overall price change remained modest in 2015, as the U.S. All-Items Consumer Price Index (CPI) posted the second-lowest increase in 50 years. As in 2014, inflation was limited by declining energy prices. Although food prices still increased in 2015, they did so at a substantially lower rate than in 2014. By contrast, the index for all items less food and energy increased at a faster rate in 2015, due in part to higher shelter prices.Read full article » | Download PDF
One of the most common topics of conversation, regardless of the time of year or the weather, is gasoline. This topic brings to mind a myriad of issues, such as gasoline’s potential environmental impact, public policy decisions, and alternative fuel sources. But, the seemingly omnipresent issue is the price consumers pay at the pump. Some people become concerned about paying $4.00 or more a gallon. Others talk about the miles per gallon their car obtains. In certain areas, people discuss congested highways with slow-moving vehicles guzzling tanks of gas. With all this attention, it would seem reasonable to assume that those dissatisfied with the price of gas would buy fewer gallons of gasoline as the price per gallon increases.
The aging of the United States population will influence the economy for many years to come. The Census Bureau projects that in 2050, the population aged 65 and older will be 83.7 million, almost double its estimate of 43.1 million in 2012.
The PPI for final demand reversed course in 2015, falling 1.0 percent, compared with a 0.9-percent advance in 2014.