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This template defaults to calculating the inflation of Consumer Price Index values: staples, workers' rent, small service bills (doctor's costs, train tickets). For inflating capital expenses, government expenses, or the personal wealth and expenditure of the rich, the US-GDP or UK-GDP indexes should be used, which calculate inflation based on the gross domestic product (GDP) for the United ...
While inflation has since fallen, the COVID-19 pandemic shocked the economy and contributed to a 2022 8% inflation rate that was the highest since the 1980s. 2020: 1.2%. 2021: 4.7%. 2022: 8%. 2023 ...
Provides a standard way of indicating the "current" year of the inflated prices calculated by the Inflation template. This template is relied upon by the Inflation template, but can also be called directly in articles needing to specify the currently most recent year for which inflation is calculated for a given index. See the Inflation template for usage examples. Template parameters [Edit ...
By 2021, the cumulative estimates of ShadowStats imply an average annual inflation rate of 9% for a cumulative increase in prices of over 600% since 2000. In a phone interview with Timothy B. Lee asked John Williams three different times for a particular good or service whose price increased by 6 fold over that time.
Shelter is consistently one of the largest contributors to the CPI’s all-items increases — in February 2024, shelter inflation rose 5.7 percent, outpacing the overall inflation level of 3.2 ...
You've certainly heard about the historic inflation of 2021 and how policymakers are taking steps to curb rising costs in 2022. But higher prices from the grocery store to the gas pump are only one...
An August 2024 survey of inflation expectations showed consumers predicting 2.3% average inflation over the next three years, the lowest figure since the survey was created in 2013. [186] Following Trump's tariff threats, long-term inflation expectations rose to 3.3 percent in January 2025 from 3.0 percent in December, the highest level since ...
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 ...