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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 ...
At these lower levels, it is argued that weighting is not necessary since only one type of good is being aggregated. However this implicitly assumes that only one type of the good is available (e.g. only one brand and one package size of frozen peas) and that it has not changed in quality etc between time periods.
[[Category:Inflation calculation templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Inflation calculation templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
The PCE price index (PePP), also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) by the Bureau of Economic Analysis (BEA) and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC), is a United States-wide indicator of the average increase ...
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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 ...
As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy, especially for inflation-targeting monetary policy by the Federal Reserve. Now however, the Federal Reserve System targets the personal consumption expenditures (PCE) price index instead of CPI as a measure of ...
Inflation accounting is not fair value accounting. Inflation accounting, also called price level accounting, is similar to converting financial statements into another currency using an exchange rate. Under some (not all) inflation accounting models, historical costs are converted to price-level adjusted costs using general or specific price ...