Posts Tagged ‘inflation’

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    Venezuela’s Price Controls

    Apr 22, 12 • 691 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 • 681 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 • 438 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]

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    Ben Franklin’s Turkey

    Nov 17, 11 • 419 Views • No Comments

    The bald eagle is our national bird but, according to Ben Franklin, the turkey should have been. In a letter to his daughter, he explains why. “True original natives,” turkeys are American birds. “…Though a little vain and silly, [the......  [read more]

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    Chinese Imports

    Oct 23, 11 • 493 Views • No Comments

    Are you paying more for your clothing? According to NY Times financial journalist Floyd Norris, women’s shirt prices, dresses, sweaters, all that government statisticians consider female “outerwear,” have started to become more expensive.......  [read more]