Yesterday, I noted that an expectations un-augmented Phillips curve fits data from the past two decades rather well. Here is an even simpler illustration of the point that lagged price…

…For example, we use prices to manage the scarcity of gasoline. The price goes up when there is war in Libya and down when frackers tap new deposits in North…

…capitalized and incorporated into the price of a drug. The rough and ready rule of thumb is that these sunk or fixed cost account for about half of the price…

…would see higher  import prices, this measure of import prices would actually fall  as it shows prices China receives. Alternatively, if production is shifted to other countries their prices could…

…goods data for national accounts from this April retail sales report, the BEA will use the corresponding price changes from the April consumer price index, which we reviewed above…to estimate…

…personal consumption of goods data for national accounts from this July retail sales report, the BEA will use the corresponding price changes from the July consumer price index, which we reviewed…

…when other prices were also interesting). Inflation in the 70s and 80s was strongly correlated with lagged increases in the price of petroleum. This fits using gasoline prices as a…

…national accounts from this April retail sales report, the BEA will use the corresponding price changes from the April consumer price index, which we reviewed last week . . . to…

…(The Mercury News). The calculated costs were far less than what Pfizer was charging and even more so than the sales price. The price of a two-pack of EpiPens grew…

…shortages than holding prices too low and hoping for a miracle. Hope is not a plan; using higher prices to ration energy is. Price gouging or shortage. Choose one. –…