{"id":271467,"date":"2025-02-21T01:53:52","date_gmt":"2025-02-21T01:53:52","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/02\/21\/bringing-prices-down-a-progress-report\/"},"modified":"2025-06-25T17:09:18","modified_gmt":"2025-06-25T17:09:18","slug":"bringing-prices-down-a-progress-report","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/02\/21\/bringing-prices-down-a-progress-report\/","title":{"rendered":"Bringing Prices Down: A Progress Report"},"content":{"rendered":"

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We\u2019re a month into Trump 2.0. We don\u2019t have February\u2019s prices yet, but since Trump was going to do everything \u201cDay 1\u201d, I thought it useful to take a look at various indices.<\/p>\n

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Figure 1:<\/strong> CPI (blue), CPI \u2013 food at home component (brown), and AIER Everyday Price Index (green), all 2024M01=1.00. Source: BLS, AIER.<\/em><\/p>\n

On eggs:<\/p>\n

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Figure 2:<\/strong>\u00a0Consumer Price of Dozen Eggs (blue, left scale), ERS forecast of January 2025 for end 2025 (blue square, left scale), OLS forecast based on price-lagged PPI relationship (red triangle), all in $, and PPI for fresh eggs (brown, right scale), and TradingEconomics forecast (2\/13\/2025) implied PPI for eggs (tan square), all in1991M12=100. Trading Economics futures price for dozen eggs (blue), and TradingEconomics model and analyst based forecast (gray). Source: BLS, ERS,\u00a0TradingEconomics.com<\/a>.<\/em><\/p>\n

No wonder CNN\u2019s poll<\/a> shows some dissatisfaction with progress in lowering prices (remember, he made the promise on price levels, not inflation).<\/p>\n

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