1. Undergraduate Economics Association

2. Undergraduate Economics Association

3. Undergraduate Economics Association

4. Undergraduate Economics Association

5. Undergraduate Economics Association
CPI
5
• Stock Definition:
• “Produces monthly data on changes in the prices
paid by urban consumers for a representative basket
of goods and services”
• BLS News Release
• Can be considered a quasi cost-of-living measure
• 2 population groups:
• CPI-U (All Urban Consumers, 87%)
• CPI-W (Urban Wage Earners and
Clerical Workers, 32%)
• Data is weighted based on
relevance (Consumer Expenditure
Survey)
• Usage:
• Economic Indicator (policy efficacy)
• Deflator (for adjusting economic
data)
• Income / wage bargaining
• 80 Million tied
• 27 Million school lunches

6. Undergraduate Economics Association

7. Undergraduate Economics Association

8. Undergraduate Economics Association

9. Undergraduate Economics Association

10. Undergraduate Economics Association