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The Consumer Price Index (CPI) increased 2.4% over the prior year in September, a slight deceleration compared to August's 2.5% annual gain in prices. The yearly increase, which was the lowest ...
This latest figure follows the CPI increasing 8.3% in August from a year earlier, 8.5% in July and 9.1% in June. “Though the year-over-year rate slightly decreased by 0.1%, the September CPI was ...
A customer pays cash for a container of fresh fruit from a street vendor along Hollywood Blvd on July 13, 2022, in Los Angeles, California. US consumer price inflation surged 9.1 percent over the ...
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 Chained Consumer Price Index C-CPI-U, a chained index, has been introduced. The C-CPI-U tries to mitigate the substitution bias that is encountered in CPI-W and CPI-U by employing a Tornqvist formula and utilizing expenditure data in adjacent time periods in order to reflect the effect of any substitution that consumers make across item ...
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.
Core CPI rose 0.3% for the fourth consecutive month, holding firm at 3.3%, where it’s been since September. “The CPI print confirms the market consensus of another [quarter-point] rate cut ...
October 13, 2022 at 3:26 PM