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The second major difference in weight is healthcare. This again stems from the definition of the index and the surveys used. CPI measures only the out-of-pocket healthcare costs of households where PCE includes healthcare purchased on behalf of households by third parties, including employer-provided health insurance.
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.
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 ...
While stronger-than-expected CPI and PPI figures could drive Treasury yields higher and raise questions about additional Fed rate cuts in 2025, the December rate cut is widely regarded as a done deal.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), covers approximately 29 percent of the U.S. population. This index is used predominantly for adjusting Social Security ...
Recent reporting by Bloomberg Intelligence suggests that home insurance, if included, would increase consumer inflation by more than half a percentage point than the current CPI rate of 2.5%. Experian
Proximate reasons for the differences with other countries include higher prices for the same services (i.e., a higher price per unit) and greater use of healthcare (i.e., more units consumed). Higher administrative costs, higher per-capita income, and less government intervention to drive down prices are deeper causes. [ 4 ]
On a yearly basis, overall PCE increased 2.3%, a pickup from the 2.1% seen in September. "Core PCE has been going sideways for the last couple of months," Paul Gruenwald, S&P Global Ratings global ...