October 2011 Inflation Watch An Eye on Prices October 25, 2011 Next Release: November 16, 2011
Inflation Watch <ul><li>Inflation (price-level growth) is important for REALTORS® because it can lead to shifts in interes...
Inflation Watch <ul><li>During the recent financial crisis, fears of deflation (price-level decline) were rampant.  (Defla...
October 2011 Highlights <ul><li>While economic uncertainty moderated price growth in commodities such as oil in August and...
 
 
PCUSLFE <ul><li>CPI-U: All Items Less Food and Energy </li></ul><ul><li>% Change - Year to Year  SA, 1982-84=100 </li></ul...
PCUHSHO <ul><li>CPI-U: Owners' Equivalent Rent/Primary Residence </li></ul><ul><li>% Change - Year to Year  SA, Dec-82=100...
SP3000 <ul><li>PPI: Finished Goods </li></ul><ul><li>% Change - Year to Year  SA, 1982=100 </li></ul><ul><li>PPI: Finished...
PZGOL <ul><li>Cash Price: Gold Bullion, London Commodity Price, PM Fix </li></ul><ul><li>US$/troy Oz </li></ul><ul><li>PZG...
PZTEX <ul><li>Domestic Spot Oil Price: West Texas Intermediate </li></ul><ul><li>% Change - Year to Year  $/Barrel </li></...
PMEA <ul><li>Import Price Index: All Imports </li></ul><ul><li>NSA, 2000=100 </li></ul><ul><li>PMEA.EMF  (USECON)  PMEA  1...
CCIHF <ul><li>Houses under Construction: Fixed-Weighted Price Index </li></ul><ul><li>NSA, 2005=100 </li></ul><ul><li>NAR ...
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Inflation watch 10.25.11

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Transcript of "Inflation watch 10.25.11"

  1. 1. October 2011 Inflation Watch An Eye on Prices October 25, 2011 Next Release: November 16, 2011
  2. 2. Inflation Watch <ul><li>Inflation (price-level growth) is important for REALTORS® because it can lead to shifts in interest rate policy by the Federal Open Market Committee (FOMC). </li></ul><ul><li>Generally, the FOMC lowers interest rates to stimulate the economy. However, rates that are too low may lead to inflation. To combat inflation, the central bank increases interest rates but this policy may dampen economic growth. </li></ul><ul><li>For example, the FOMC has committed to keeping rates low through 2013 to help shore up economic activity, but this commitment comes with its own set of risks. </li></ul>
  3. 3. Inflation Watch <ul><li>During the recent financial crisis, fears of deflation (price-level decline) were rampant. (Deflation caused a downward spiral of prices that destroyed the economy in the Great Depression.) </li></ul><ul><li>With financial markets somewhat stable, some fear that inflation is around the corner. Stagflation, another unpleasant economic condition characterized by high unemployment and high inflation, is also a possibility. </li></ul><ul><li>In stagflation, it is difficult for the central bank to raise interest rates to combat inflation due fear of further job market deterioration if demand is hurt by the increased interest rates. </li></ul>
  4. 4. October 2011 Highlights <ul><li>While economic uncertainty moderated price growth in commodities such as oil in August and September, many consumer prices and other commodities continue to advance on a monthly basis. Also, in spite of a second month of weakness, year over year inflation is still high among commodities. </li></ul><ul><li>Among consumer goods, only prices for computers and peripheral equipment have declined over the year. Lodging away from home and apparel saw price declines in September though they are still up compared to one year ago. </li></ul><ul><li>While core (those excluding food and energy) and headline consumer prices are within the bounds of the target range: 1 to 2 and 2 to 4 percent respectively, they are approaching the upper edge of the bound. </li></ul><ul><li>Some consumer prices are advancing at a considerable rate. Necessities such as transportation, food at home, and housing fuels and utilities are areas of concern. </li></ul>
  5. 7. PCUSLFE <ul><li>CPI-U: All Items Less Food and Energy </li></ul><ul><li>% Change - Year to Year SA, 1982-84=100 </li></ul><ul><li>CPI-U: All Items </li></ul><ul><li>% Change - Year to Year SA, 1982-84=100 </li></ul><ul><li>PCUSLFE.EMF (USECON) PCUSLFE / PCU 10603-11102 </li></ul>
  6. 8. PCUHSHO <ul><li>CPI-U: Owners' Equivalent Rent/Primary Residence </li></ul><ul><li>% Change - Year to Year SA, Dec-82=100 </li></ul><ul><li>PCUHSHO.EMF (USECON) PCUHSHO 10103-11102 </li></ul>
  7. 9. SP3000 <ul><li>PPI: Finished Goods </li></ul><ul><li>% Change - Year to Year SA, 1982=100 </li></ul><ul><li>PPI: Finished Goods less Food and Energy </li></ul><ul><li>% Change - Year to Year SA, 1982=100 </li></ul><ul><li>SP3000.EMF (USECON) SP3000 / SP3500 10603-11102 </li></ul>
  8. 10. PZGOL <ul><li>Cash Price: Gold Bullion, London Commodity Price, PM Fix </li></ul><ul><li>US$/troy Oz </li></ul><ul><li>PZGOL.EMF (USECON) PZGOL 10603-11102 </li></ul>
  9. 11. PZTEX <ul><li>Domestic Spot Oil Price: West Texas Intermediate </li></ul><ul><li>% Change - Year to Year $/Barrel </li></ul><ul><li>PZTEX.EMF (USECON) PZTEX 10103-11102 </li></ul>
  10. 12. PMEA <ul><li>Import Price Index: All Imports </li></ul><ul><li>NSA, 2000=100 </li></ul><ul><li>PMEA.EMF (USECON) PMEA 10004-11103 </li></ul>
  11. 13. CCIHF <ul><li>Houses under Construction: Fixed-Weighted Price Index </li></ul><ul><li>NSA, 2005=100 </li></ul><ul><li>NAR Median Sales Price: Total Existing Homes, United States </li></ul><ul><li>$ </li></ul><ul><li>CCIHF.EMF (USECON) CCIHF / USMNBDP 10102-11101 </li></ul>
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