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Undergraduate Economics Association
Undergraduate Economics Association
Undergraduate Economics Association
Undergraduate Economics Association
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
Undergraduate Economics Association
Undergraduate Economics Association
Undergraduate Economics Association
Undergraduate Economics Association
Undergraduate Economics Association

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4th MAG Meeting

Hinweis der Redaktion

  1. Core or Underlying inflation will normally be “all items less food and energy” due to volatility1982-84 Base Year (US city average)