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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.
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 ...
Description: U.S. Consumer Price Index, a measure of inflation, 1913–2022. 100=1982–84 Date: 8 February 2023: Source: Data source at , specifically in the "... index averages" table in this PDF file (US Government – public domain); Original image at File:Consumer Price Index US 1913-2004.png
The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 4% over the prior year in May, a slowdown from April's 0.4% month-over-month increase and 4.9% annual gain.
Consumer prices in April showed inflation pressures remain elevated in the US economy while headline prices rose at the slowest annual rate since the period ending April 2021.
Even as price pressures eased from the 9.1% peak of the current inflation cycle, last month's reading marked the second-hottest December CPI print since 1981, topped only by 7.1% in December 2021.
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 ...
All three benchmark indexes fell, with the Dow Jones Industrial Average down TK points, a 0.40% fall, while the S&P 500 and Nasdaq fell 0.% and 0.%, respectively.