My electricity usage over time. I track many things to monitor my inflation versus the CPI.
Tuesday, April 16, 2024
My electricity bills over time (April, 2024 Edition)
Thursday, April 11, 2024
PPI APR. 2024 release March 2024 Data
The BLS has released the March, 2024 Producer Price Index Report. (historical releases)
The Producer Price Index for final demand rose 0.2 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.6 percent in February and 0.4 percent in January. (See table A.) On an unadjusted basis, the index for final demand increased 2.1 percent for the 12 months ended in March, the largest advance since rising 2.3 percent for the 12 months ended April 2023.
The March increase in the index for final demand is attributable to a 0.3-percent rise in prices for final demand services. In contrast, the index for final demand goods edged down 0.1 percent.
The index for final demand less foods, energy, and trade services moved up 0.2 percent in March after rising 0.3 percent in February. For the 12 months ended in March, prices for final demand less foods, energy, and trade services increased 2.8 percent.
Now for a graph and chart...
Saturday, March 16, 2024
My electricity bills over time (March, 2024 Edition)
Just for fun, I track my electricity usage and voila!!
Thursday, March 14, 2024
PPI Mar. 2024 release February 2024 Data
The BLS has released the February, 2024 Producer Price Index Report. (historical releases)
The Producer Price Index for final demand rose 0.6 percent in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices increased 0.3 percent in January and edged down 0.1 percent in December 2023. (See table A.) On an unadjusted basis, the final demand index advanced 1.6 percent for the 12 months ended in February, the largest rise since moving up 1.8 percent for the 12 months ended September 2023.
In February, nearly two-thirds of the rise in final demand prices can be traced to the index for final demand goods, which advanced 1.2 percent. Prices for final demand services moved up 0.3 percent.
The index for final demand less foods, energy, and trade services increased 0.4 percent in February after rising 0.6 percent in January. For the 12 months ended in February, prices for final demand less foods, energy, and trade services moved up 2.8 percent.
Current graph with revisions...
Then there is this chart, which briefly compares the category to previous month's annual rate.
Saturday, February 17, 2024
My electricity bills over time (February, 2024 Edition)
Yep, time for the review of electricity consumption... MINE!
Friday, February 16, 2024
PPI Feb. 2024 release January 2024 Data
The BLS has released the January, 2024 Producer Price Index Report. (historical releases)
Final demand services: The index for final demand services moved up 0.6 percent in January, the largest increase since rising 0.8 percent in July 2023. In January, most of the advance is attributable to prices for final demand services less trade, transportation, and warehousing, which climbed 0.8 percent. The index for final demand trade services moved up 0.2 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) Conversely, prices for final demand transportation and warehousing services fell 0.4 percent.
Product detail: A 2.2-percent increase in the index for hospital outpatient care was a major factor in the January rise in prices for final demand services. The indexes for chemicals and allied products wholesaling, machinery and equipment wholesaling, portfolio management, traveler accommodation services, and legal services also moved higher. In contrast, prices for long-distance motor carrying decreased 1.0 percent. The indexes for computer hardware, software, and supplies retailing and for engineering services also moved lower. (See table 2.)
I emphasized a specfic portion. after much jockeying with revisions of numbers in the medical category over the past year... those have come to and end. So after all these revision helped tamp down inflation numbers, those days are over.
Saturday, January 20, 2024
My electricity bills over time (January, 2024 Edition)
It is January, and the monthly bill has arrived.
Friday, January 12, 2024
Producer Price Index January release December 2023 Data
The BLS has released the December Producer Price Index Report. (historical releases)
The Producer Price Index for final demand fell 0.1 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved down 0.1 percent in November and 0.4 percent in October. (See table A.) On an unadjusted basis, the index for final demand rose 1.0 percent in 2023 after increasing 6.4 percent in 2022.
If the PPI is really a forerunner of consumer inflation, then CPI should continue to ease, as PPI has nearing same rate as CPI in the periods outlined below.
Thursday, December 14, 2023
My electricity bills over time (December 2023 Edition)
It's December and the monthly bill has arrived.
[I suspect it might continue to be lower, as I altered the thermostat settings in December of 2022. I adjusted the nighttime heating settings from 68°F to 72°F, which would increase the usage in winter time. Daytime heat settings remained at 72°F.Cooling settings remain at 76°F daytime and 72°F for nighttime. Additionally, the number of days between meter readings vary.]
Wednesday, December 13, 2023
Producer Price Index December release November 2023 Data
The BLS has released the November Producer Price Index Report. (historical releases)
The Producer Price Index for final demand was unchanged in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices decreased 0.4 percent in October and rose 0.4 percent in September. (See table A.) On an unadjusted basis, the index for final demand increased 0.9 percent for the 12 months ended in November.
In November, the indexes for both final demand goods and for final demand services were unchanged.
Final demand goods: The index for final demand goods was unchanged in November after dropping 1.4 percent in October. In November, price increases of 0.6 percent for final demand foods and 0.2 percent for final demand goods less foods and energy offset a 1.2-percent decrease in the index for final demand energy.
Let's revisit that paragraph. What did the -1.2% decrease in the index for final demand energy... offset?
Within final demand goods in November, prices for chicken eggs jumped 58.8 percent. The indexes for fresh fruits and melons, utility natural gas, electric power, and carbon steel scrap also moved higher. In contrast, prices for gasoline fell 4.1 percent.
So gasoline (-4.1%), which is typically moving into seasonal lows, is the reason for that -1.2% decrease, which offsets a bunch of rises in food (+0.6%) and other energy components.
Not to nitpick, but if gasoline is having that impact, and is moving into seasonal lows, which might continue through the December release... could reverse beginning after Christmas, just like last year.
For those of us that like to eat food, that annualized 7.2% increase in food is going to weigh on the budget of many of us, unless we decide to eat less and lose "weight".
Wednesday, November 22, 2023
My electricity bills over time (January 2017~ November 2023)
Once again, I monitor my residential electricity costs.
[I suspect it might continue to be lower, as I altered the thermostat settings in December of 2022. I adjusted the nighttime heating settings from 68°F to 72°F, which would increase the usage in winter time. Daytime heat settings remained at 72°F.Cooling settings remain at 76°F daytime and 72°F for nighttime. Additionally, the number of days between meter readings vary.]
Wednesday, October 11, 2023
Producer Price Index October release with September 2023 Data
The BLS has released the September Producer Price Index Report. (historical releases)
The Producer Price Index for final demand increased 0.5 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.7 percent in August and 0.6 percent in July. (See table A.) On an unadjusted basis, the index for final demand advanced 2.2 percent for the 12 months ended in September, the largest increase since moving up 2.3 percent for the 12 months ended in April.
Leading the increase in the final demand index in September, prices for final demand goods rose 0.9 percent. The index for final demand services advanced 0.3 percent.
Prices for final demand less foods, energy, and trade services increased 0.2 percent in September, the fourth consecutive advance. For the 12 months ended in September, the index for final demand less foods, energy, and trade services moved up 2.8 percent.
As is often the case... there were revisions to previous month's data, so don't be surprised if this month's data is revised next month. The size of July's data was a bit surprising however. When that data came out, it was considered above expectations at +0.3%. A couple of month's later, it was revised to +0.6%, without any discussion.
Friday, September 29, 2023
Natural Gas Summary, UK, EU, USA... Week Ending 9-29-2023
The Energy Information Administration released their weekly report.
EIA.GOV via SNL Energy |
[The reason for this observation is LNG, which has introduced the prospect of U.S. Natural Gas prices being affected by global demand for LNG. The EU and UK serve as a benchmark for these demand issues.]
Review of August data and the September PCE Release
Yep, today's report was positive, with an uptick of +0.4%. That being in current dollars and when adjusted for inflation became... -0.2% for the month to month. The good news was the year to year inflation adjusted +0.1%.
I did not denote the various changes from previous month's release, so but can be seen in previous publications.
Thursday, September 28, 2023
Quick Review of The GDP report 2Q-2023, 3rd estimate
First off, the base year for chained dollars is now 2017, instead of the previous 2012.
Secondly, there were revisions in past quarters, or updates. This is done annually.
- 2023 Quarter one GDP was revised upward, from 2.0% annualized, to 2.2% annualized.
- 2023 Quarter one GDI was revised upward from -1.8% annualized to 0.5% annualized.
There are other changes, but that was a sampling.
While the chained dollar report for last month, based on 2012, showed the Real GDP at 20.387T, the new report based on 2017, is now 22.225T.
However, there were significant reductions in the report, with Durable Goods being reduced, both on the personal consumption level and imports.
Clearly there were large adjustments elsewhere to overcome those changes, such as in personal consumption services (quite large), Fixed Investment and Government consumption and Net exports of goods and services.
Nothing really out of line from expectations, although the Personal Consumption Expenditures for Goods was quite a drop from Quarter one. However, it is still positive and the drop was not quite a surprise, as the Monthly PCE report has been screaming a sharp decline.
Monday, September 25, 2023
My electricity bills over time (January 2017~ September 2023)
Once again, I monitor my residential electricity costs.
[I suspect it might be lower, as I altered the thermostat settings in December of 2022. I adjusted the nighttime heating settings from 68°F to 72°F, which would increase the usage in winter time. Daytime heat settings remained at 72°F.Cooling settings remain at 76°F daytime and 72°F for nighttime. Additionally, the number of days between meter readings vary.]
Friday, September 22, 2023
Natural Gas Summary, UK, EU, USA... Week Ending 9-22-2023
The Energy Information Administration released their weekly report.
[The reason for this observation is LNG, which has introduced the prospect of U.S. Natural Gas prices being affected by global demand for LNG. The EU and UK serve as a benchmark for these demand issues.]
Data from the Aggregated Gas Storage Inventory report...
Friday, September 15, 2023
Natural Gas Summary, UK, EU, USA... Week Ending 9-15-2023
The Energy Information Administration released their weekly report.
EIA.GOV, via SNL Energy |
Now for a look at The European Union and United Kingdom.
[The reason for this observation is LNG, which has introduced the prospect of U.S. Natural Gas prices being affected by global demand for LNG. The EU and UK serve as a benchmark for these demand issues.]
Data from the Aggregated Gas Storage Inventory report...
Thursday, September 14, 2023
Producer Price Index September release with August 2023 Data
The BLS has released the July Producer Price Index Report. (historical releases)
The Producer Price Index for final demand increased 0.7 percent in August, seasonally adjusted, after rising 0.4 percent in July, the U.S. Bureau of Labor Statistics reported today. (See table A.) The August advance is the largest increase in final demand prices since moving up 0.9 percent in June 2022. On an unadjusted basis, the index for final demand rose 1.6 percent for the 12 months ended in August.
In August, 80 percent of the rise in final demand prices is attributable to a 2.0-percent jump in the index for final demand goods. Prices for final demand services advanced 0.2 percent.
The index for final demand less foods, energy, and trade services increased 0.3 percent in August, the same as in July. For the 12 months ended in August, prices for final demand less foods, energy, and trade services rose 3.0 percent, the largest advance since moving up 3.4 percent for the 12 months ended in April.
Friday, September 8, 2023
Natural Gas Summary... Week Ending 9-08-2023
The Energy Information Administration released their weekly report.
The Pacific Region continues to be slightly ahead of year ago numbers, but still below the 5 year average, although still improving.
The South Central Region continued the slide against year ago levels, but is still above 5 year average.
EIA.GOV, via SNL Energy |
[The reason for this observation is LNG, which has introduced the prospect of U.S. Natural Gas prices being affected by global demand for LNG. The EU and UK serve as a benchmark for these demand issues.]
Data from the Aggregated Gas Storage Inventory report...
Data per AGIS |
Review of March 2024 data, 1Q GDP, PCE and personal income
The monthly summary is not so wonderful, incomparison... Inside all that pink is some troubling food related issues. Even though energy is s...
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As you know by now , it was ugly for consumer's future prospects of inflation. Yes, a lot of this will get passed on to us. It is a se...
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via GIPHY I've belonged to various websites over the years and naturally gravitated towards those websites for older folks. These are th...
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This week's full report . Indicators have aligned to suggest upward movement in consumption. Pump prices have generally stabilized, bu...