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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 Consumer Price Index was initiated during World War I, when rapid increases in prices, particularly in shipbuilding centers, made an index essential for calculating cost-of-living adjustments in wages. To provide appropriate weighting patterns for the index, it reflected the relative importance of goods and services purchased in 92 ...
The economic data published on FRED are widely reported in the media and play a key role in financial markets. In a 2012 Business Insider article titled "The Most Amazing Economics Website in the World", Joe Weisenthal quoted Paul Krugman as saying: "I think just about everyone doing short-order research — trying to make sense of economic issues in more or less real time — has become a ...
Initial reads on the Commerce Department's GDP report this morning pointed to the headline figure -- a 1.0 percent annualized sequential drop -- as a sign the recession is coming to an end. While ...
It doesn't take a Harvard economist to deduce the following: there's little pricing power in the U.S. economy. Consumer prices increased a minuscule 0.1 percent in May, the U.S. Labor Department ...
Real disposable incomes and consumer spending declined 0.1 percent and 0.6 percent, respectively, while core consumer prices Consumer spending falls, employment costs post record-low increase Skip ...
The Blue Chip Economic Indicators survey provides forecasts for this year and next from each panel member, plus and average, or consensus, of their forecasts for each of these variables associated with the economy of the United States: [1] Real GDP; GDP price index; Nominal GDP; Consumer price index; Industrial production; Real disposable ...
Consumer prices rose 0.4% in November, the U.S. Labor Department announced Wednesday, pushed higher by energy prices, which rose for the sixth time in seven months. The core rate -- which excludes ...