Books
Getting Business
"Getting Business" extends the concepts from "Disrupting the Future" to plain-speaking advice for using the latest communications media by print businesses and as offerings to their clients.
Disrupting the Future
Strategies and Action Items for Success
A contrarian look at the printing industry and the new rules and strategies needed to succeed.
2 Responses to “Inflation Adjustment in the Printing Industry”
By Gary Ampulski on Jan 19, 2012 | Reply
Very well done and extremely helpful. Could you provide some insight on how the various inflation adjustments are chosen for future projections?
By Dr. Joe Webb on Feb 7, 2012 | Reply
I still use the CPI, but when we do the analysis of the historical revisions that the government releases every May, we use them all to examine what the differences are. I still use CPI-adjusted history as the baseline for all forecasts that are published.
The May 2012 revisions might be larger than usual since the employment data revisions in the January unemployment report were larger than usual. We’ll see. January printing employment was reported as an increase in 1700 workers in the BLS seasonally-sdjusted estimate, but the actual data showed a decline in workers of 3500! They use the underlying employment data (workers and their hours worked) to make their first estimates of industry shipments. I’m anxious to see what they come up with. A future blogpost will discuss these issues, soon.