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A hedonic index is any price index which uses information from hedonic regression, which describes how product price could be explained by the product's characteristics.. Hedonic price indexes have proved to be very useful when applied to calculate price indices for information and communication products (e.g. personal computers) and housing, [1] because they can successfully mitigate problems ...
Changes in price indices trigger changes in prices of goods. Contracts are made to accommodate the price-changing scenario by means of indexation. Indexation in a high-inflation economy is evident when, for instance, a given price must be recalculated later to incorporate inflation accumulated over the period to "correct" the price. In other ...
The general price level is a hypothetical measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set. Typically, the general price level is approximated with a daily price index, normally the Daily CPI.
Like the consumer price index (CPI), the GDP deflator is a measure of price inflation/deflation with respect to a specific base year; the GDP deflator of the base year itself is equal to 100. Unlike the CPI, the GDP deflator is not based on a fixed basket of goods and services; the "basket" for the GDP deflator is allowed to change from year to ...
The annual percent change in the US Consumer Price Index for All Urban Consumers is one of the most common metrics for price inflation in the United States. The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used ...
With inflation improving, the nonpartisan Senior Citizens League (TSCL) projects the Social Security COLA for 2025 at 2.5% as of September, revised from its higher prediction of 2.57% in August.
Core inflation is a measure of inflation for a subset of consumer prices that excludes food and energy prices, which rise and fall more than other prices in the short term. The Federal Reserve Board pays particular attention to the core inflation rate to get a better estimate of long-term future inflation trends overall.
D.L Losman suggested that the measurement of the consumer price index in the United States may be subject to manipulation in order to lower the adjustment rate of social security benefits. [1] Focussing on which inflation is measured, Peng argues that the focus on core inflation hides commodity-based inflation from the attention of policymakers ...