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E-Commerce Might Help Solve the Mystery of Low Inflation

Online prices of personal computers fell by 12.3 percent, for example, but the C.P.I. showed just a 6.9 percent drop. Toy prices online slumped 12 percent, while the C.P.I. put the drop at just 7.8 percent. Online prices for photographic equipment and supplies fell 9.2 percent compared with the 0.6 percent decline registered by the official measure.The government said on Tuesday that the C.P.I. increased 2.8 percent in May from 12 months earlier, with much of that jump coming from higher prices for gasoline and other energy items. Not including food, energy and housing, which tend to change a lot from month to month, the index was…

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Trump Breaks Protocol With Tweet About Jobs Report Before It Is Released

WASHINGTON — President Trump broke years of presidential protocol on Friday morning by posting a tweet that signaled a strong jobs report was on its way from the Labor Department an hour before the report was released.The Bureau of Labor Statistics routinely releases its monthly employment report on the first Friday of the month. The night before, under longstanding tradition, the president and several senior administration officials — including the Treasury secretary and the chairman of the Council of Economic Advisers — are briefed on the numbers, which they are not supposed to disclose until the report is made public at 8:30 a.m. Eastern Time the next…

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