Posts Tagged ‘inflation’

  • Video Game Economics

    Oct 10, 12 • 326 Views • No Comments

    Sometimes a virtual world can show us some economic reality. Here is the story: There once was a Greek economist who, for many years, happily wrote papers and taught classes, in (he said) his “academic cocoon.” However, as the euro-zone calamity...  [read more]

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    The US Drought and Pizza

    Sep 11, 12 • 240 Views • No Comments

    Discussing the impact of this summer’s drought on pizza, Stephen Colbert said, “It is one thing for global warming to make the sea levels rise but nobody told me it could make my cheese levels recede.” Colbert was reacting to an economist at...  [read more]

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    Venezuela’s Price Controls

    Apr 22, 12 • 410 Views • No Comments

    Reading that a Venezuelan retiree did not mind the food lines, I started thinking about how President Chavez’s price controls have changed incentives. The retiree, who has more time than money, now has the incentive to stand in line. Meanwhile, a...  [read more]

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    The Oreo Centennial

    Dec 28, 11 • 413 Views • No Comments

    Next year, we can celebrate Oreo’s 100th birthday. First sold in 1912, Oreos have been priced at: 1922: 32 cents/lb. 1934: 27 cents/lb. 1960: 45 cents/lb. 1991: $2.39/lb. 2008: $4.29/18oz. 2011: $4.29/16.6oz. Amazingly, according to the Bureau of Labor...  [read more]

  • PNC Wealth Management Measures Inflation With Its Christmas Price Index

    The Christmas Price Index

    Dec 9, 11 • 277 Views • No Comments

    You might want to check the CPI (the Christmas Price Index). Calculated by PNC for the last 28 years, it tells us the value of the items in “The 12 Days of Christmas.” This year, the PNC CPI totaled $24,263.18 for anyone purchasing one set of each...  [read more]