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However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
The Boskin Report, "Final Report of the Advisory Commission to Study the Consumer Price Index" Gordon, Robert J. (June 2000). "The Boskin Commission Report and its Aftermath". NBER Working Paper No. 7759. doi: 10.3386/w7759. "Commercial Knowledge On Innovation Economics, A Report". As quality change is a required component of innovation ...
A number of other major categories also contributed to the March increase in CPI, however. Shelter prices rose 0.5% month-on-month in March and by 5.0% over last year, representing the biggest ...
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But even excluding more volatile food and energy prices, the so-called core CPI rose by 6.0% in January over last year, also marking the biggest jump since 1982. The core CPI had risen by 5.5% in ...
In 1996, the Advisory Committee to Study the Consumer Price Index (the Boskin Commission) estimated that in 1996 CPI-W (used to adjust Social Security) over-estimated inflation 1.1 percent. The BLS responded by making changes to the CPI-U and CPI-W, which included an adjustment to compensate for upper-level substitution bias , performed each ...
Year-over-year price changes: This figure shows how prices have changed relative to the same month in the prior year. For example, a report may show how June 2024 prices compare to June 2023 prices.