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Inflation measures are often modified over time, either for the relative weight of goods in the basket, or in the way in which goods and services from the present are compared with goods and services from the past. Basket weights are updated regularly, usually every year, to adapt to changes in consumer behavior.
This is apparent if you were to overlay the charts of rising inflation and falling consumer sentiment starting in mid-2021. ... inflation was already up 5.4% on a year-over-year basis, the highest ...
At that time, the weights for indices like CPI-U and CPI-W were updated only once per decade; today, they are updated in January of even-numbered years. However, even with this more frequent updates, the CPI-U and CPI-W might still be excessively slow in responding to new technologies.
Shadowstats.com is a website that analyzes and offers alternatives to government economic statistics for the United States.Shadowstats primarily focuses on inflation, but also keeps track of the money supply, unemployment and GDP by utilizing methodologies abandoned by previous administrations from the Clinton era to the Great Depression.
And though these figures come from a different data set, Friday’s jobs report showed wage gains continued to impress, rising 0.6% over the prior month in January and 4.5% over last year. And ...
Gas peaked at over $5 for the first time ever in June 2022. When adjusted for inflation, Trump’s average is $3.18 in 2024 dollars, 21% less than Biden’s inflation-adjusted price of $3.86. A ...
“The war on inflation is over,” he said in a recent tweet. “We won, at very little cost.” The tweet was accompanied by a chart, which sparked a backlash across social media platforms.
History of inflation in the US from Jan 1914 - Mar 2009. Year-over-year data calculated for each month using (This year-last year)/last year: Date: 27 April 2009: Source: CPI-U (all urban consumers, U.S. cities average) data from Department of Labor / Bureau of Labor Statistics . Author: Lalala666: Other versions: longer time-scale