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Topic: Consumer Price Index

Related Topics

Personal consumption expenditure

Price index

Personal consumption expenditures price index

Producer price index

Personal consumption deflator

Hedonic regression

Household final consumption expenditure prices

Bureau of Labor Statistics

Cola

HFCE

Inflation

Oil price increases of 2005

	Consumer price index - Wikipedia, the free encyclopedia
		It is a price index that tracks the prices of a specified basket of consumer goods and services, providing a measure of inflation.
		An example of this adjustment might be in the price of a TV where a new model has replaced the curved screen with a flat one; the price of the new TV would be reduced in the calculation to reflect the additional "value" that the flat screen represents.
		Prices for the goods and services used to calculate the CPI are collected in 87 urban areas throughout the country and from approximately 23,000 retail and service establishments.
	en.wikipedia.org /wiki/Consumer_price_index (1504 words)

	Consumer Price Index Summary
		The transportation index increased 1.6 percent in July, reflecting an upturn in the index for motor fuel.
		In calculating the index, price changes for the various items in each location are averaged together with weights, which represent their importance in the spending of the appropriate population group.
		For the Nonalcoholic beverages index, the procedure was used to offset the effects of sharp rises in the price of coffee futures.
	www.bls.gov /news.release/cpi.nr0.htm (2847 words)

	6401.0 - Consumer Price Index, Australia, Jun 2006
		The rise in fruit prices was mainly attributable to an increase of approximately 250% in the price of bananas during the June quarter 2006 due to shortages created by Cyclone Larry in March 2006.
		Prices also rose for citrus fruit, apples, melons and strawberries, in part reflecting increased demand for alternative fruit as consumers looked for a substitute for bananas.
		While the increase in the price of bananas has contributed to an increase in the CPI in June quarter there are likely to be offsetting falls in the CPI in future quarters as their supply and price return to normal.
	www.abs.gov.au /ausstats/abs@.nsf/mf/6401.0 (1990 words)

	Consumer Price Index (Site not responding. Last check: 2007-10-22)
		The Consumer Price Index (CPI) is designed to measure the change in the average level of prices paid for consumer goods and services by all private households and foreign visitors to Ireland.
		The CPI = (5 * Price of apples in 2003) + (2 * price of oranges in 2003) divided by (5 * Price of apples in 1998) + (2 * Price of oranges in 1998).
		Price collectors initially select particular varieties (e.g., specific sized tin and brand of baked beans) of an item that is popular in its locality for regular monthly pricing.
	www.oasis.gov.ie /consumer_affairs/pricing/consumer_price_index.html (1532 words)

	The Consumer Price Index
		An index number is a derived quantity that describes the ratio of a quantity and its value at a base period (or its values at a standard).
		The final price is actually a weighted sum, the weights reflecting the proportion that the average family spends on various categories and population of the geographic area.
		While the CPI number is derived from the price of the market basket, it is actually unitless; to be precise it is the ratio of the price of the market basket in a given year to the price in the base year multiplied by 100.
	qrc.depaul.edu /djabon/cpi.htm (5623 words)

	Latest release from the Consumer Price Index. Tuesday, August 22, 2006
		The steep rise in the price of a barrel of oil on world markets was the main reason behind the higher prices paid by consumers at the pump last year.
		The rise in the Albertan index was mainly the result of the appreciation in the prices of the shelter components which are weighted fairly heavily in the CPI.
		Consumer Price Index by province, and for Whitehorse, Yellowknife and Iqaluit
	www.statcan.ca /english/Subjects/Cpi/cpi-en.htm (2238 words)

	ICAZ - Consolidated Price Index (Site not responding. Last check: 2007-10-22)
		This means that prices as measured by the all items CPI increased by an average of 993.6 percent between July 2005 and July 2006.
		This means that prices as measured by the all items CPI increased by an average of 25.1 percent from June 2006 to July 2006.
		The change in average price of the basket from June 2006 to July 2006 was lower (25.1%) as measured by the change in the price index, than the change in average price of the same basket from June 2005 to July 2005 (47.0%).
	www.icaz.org.zw /CPI/cpi.htm (771 words)

	Consumer Price Index
		Prices may rise and fall for different reasons such increases in food prices brought on by drought because of scarcity or decreases brought on by abundance from good weather.
		Consumer Price Index (CPI) is published by the US Bureau of Labor Statistics.
		I took the average index by year from that series starting in 1990 and calculated percent changes and calculated changes from 1990 and 1991 because both are needed for different series of library data.
	www.nclis.gov /statsurv/nces/plu/trends/cpi.html (641 words)

	Consumer prices edge higher - Feb. 21, 2003
		NEW YORK (CNN/Money) - Consumer prices rose at the fastest pace in nine months in January, the government said Friday, but there were few signs of a broad pickup in inflation despite a big jump in wholesale prices.
		The Labor Department said its consumer price index, the government's main inflation gauge, rose 0.3 percent in January, matching forecasts from analysts surveyed by Briefing.com.
		The CPI follows Thursday's government report showing the producer price index, a measure of wholesale prices, jumped 1.6 percent in January, the biggest increase in 13 years.
	money.cnn.com /2003/02/21/news/economy/cpi/index.htm (666 words)

	Econoday Reports - Consumer Price Index March 21, 2003 (Site not responding. Last check: 2007-10-22)
		The Consumer Price Index is a measure of the average price level of a fixed basket of goods and services purchased by consumers.
		As expected, the consumer price index rose 0.6 percent in February.
		Apart from energy prices, inflation may not be a serious concern these days, but inflation is still a bigger issue than deflation these days even though high tech goods (plasma TVs, DVD players, etc.) are posting price declines.
	www.nasdaq.com /econoday/reports/US/EN/New_York/cpi/year/2003/yearly/03/index.html (399 words)

	What is the consumer price index and how is it used?
		The consumer price index is a measure which is used to track the change in prices for common household goods over time.
		There are actually several Consumer Price Indexes, depending on the particular "market basket" (set of consumer goods) included, the set of consumers involved, and geographical factors.
		You can read more about the Consumer Price Index and how it is used at the Consumer Price Indexes Home Page maintained by the Bureau of Labor Statistics.
	www.irp.wisc.edu /faqs/faq5.htm (551 words)

	Economist Boskin sees slow changes in Consumer Price Index
		Tracking thousands of products and services for the nation's consumer price index is a vast and in many ways impressive effort, but one that economist Michael Boskin believes is fundamentally flawed.
		Today people are beating the price of theaters by renting videotapes, forgoing the cost of both the theater and the baby-sitter.
		It relates to the fact that the index was never intended to be a cost-of-living measure but is used as if it was.
	news-service.stanford.edu /news/1997/may7/boskin.html (1152 words)

	Financial Dictionary — Meaning for Consumer price index (Site not responding. Last check: 2007-10-22)
		Compiled by the Australian Bureau of Statistics, the consumer price index was introduced in 1960 as a replacement for the Retail Price Indices as Australia's general indicator of the rate of change in prices for consumer goods and services.
		The consumer price index is not, strictly speaking, a cost-of-living index which would have to include less tangible concepts such as living standards and the adjustments people make to changing prices.
		The index reflects the cost of a fixed list of goods and services, with the list periodically reviewed to ensure that it reflects as accurately as possible the spending patterns of the population.
	www.anz.com /edna/dictionary.asp?action=content&content=consumer_price_index (220 words)

	Consumer Price Index Home Page
		Consumer Price Index-Urban Wage Earners and Clerical Workers (Old Series)
		In three months of 2006 (March, September, and December), the Consumer Price Index (CPI) is scheduled to be released prior to the Producer Price Index (PPI).
		Consumer Price Indexes for Rent and Rental Equivalence
	www.bls.gov /cpi (800 words)

	US Consumer Price Index and Inflation (Site not responding. Last check: 2007-10-22)
		The ability to substitute means that the increase in the cost to consumers of maintaining their level of well-being tends to be somewhat less than the increase in the cost of the mix of goods and services they previously purchase.
		An index of 110, for example, means there has been a 10-percent increase in price since the reference period; similarly an index of 90 means a 10-percent decrease.
		This is because index points are affected by the level of the index in relation to its reference period, while percent changes are not.
	my-forest.com /Economics/CPI-PPI.html (1375 words)

	CONSUMER PRICE INDEX
		It should be noted that changes in the indices and hence, inflation rates, should be attributed not only to the changes in the prices of consumer goods and services but also to changes in the consumption pattern (weights) as well.
		According to the National Consumer Price Index (NCPI), inflation rate for June 2005 is 4.2 percent in comparison with the figures for June the previous year.
		It measures changes in price - not - expenditure - which are the most important cause of changes in the cost of living.
	www.nbs.go.tz /CPI/CPI062005.htm (463 words)

	What Were the UK Earnings and Prices Then? \| EH.Net
		All three series are expressed as an index number relative to the base year, 1913, which has a value of 100.
		The Consumer Price Index or Retail Price Index (RPI) for a given year compares the cost of purchases of the typical household in that year with the cost in the year 1913.
		This series is sometimes referred to as the "Cost-of-Living Index" and officially as the Retail Price Index.
	www.eh.net /hmit/ukearncpi (331 words)

	SparkNotes: Measuring the Economy 1: Consumer Price Index (CPI)
		The consumer price index or CPI is a more direct measure than per capita GDP of the standard of living in a country.
		It is based on the overall cost of a fixed basket of goods and services bought by a typical consumer, relative to price of the same basket in some base year.
		The price of the fixed basket of goods and services for each comparison year is then divided by the price of the fixed basket of goods in the base year.
	www.sparknotes.com /economics/macro/measuring1/section2.rhtml (1228 words)

	Consumer PriceI ndex (Site not responding. Last check: 2007-10-22)
		Currently, the base period, which equals 100, is the average prices in the 1982-1984 period.
		The CPI is a fixed-basket price index as it represents the price of a constant quantities basket of goods and services purchased by the average consumer.
		A weak % rate of change of the price deflators is received favorably by bond investors; a strong inflation report causes concern the Fed might need to intervene and raise interest rates--a negative for the fixed income market.
	www.stern.nyu.edu /~nroubini/bci/ConsumerPriceIndex.htm (391 words)

	Fact Sheets - The Consumer Price Index - The Bank in Brief - Publications and Research - Bank of Canada
		While there are other ways to measure price changes, the CPI is the most important indicator because of its widespread use, for example, to calculate changes in government payments such as the Canada Pension Plan and Old Age Security.
		The rate of increase of the CPI is typically reported as the percentage increase in the index over the past 12 months.
		Because of the difficulties of measuring price changes due to changes in quality of products as well as other variables, the CPI may contain a certain measurement bias that prevents it from giving a completely accurate picture of inflation.
	www.bankofcanada.ca /en/backgrounders/bg-i4.html (481 words)

	Shadow Government Statistics: 3. Consumer Price Index
		Inflation, as reported by the Consumer Price Index (CPI) is understated by roughly 2.7% per year.
		Elements of the Consumer Price Index (CPI) had their roots in the mid-1880s, when the Bureau of Labor, later known as the Bureau of Labor Statistics (BLS), was asked by Congress to measure the impact of new tariffs on prices.
		The identical basket of goods would be priced at prevailing market costs for each period, and the period-to-period change in the cost of that market basket represented the rate of inflation in terms of maintaining a constant standard of living.
	www.shadowstats.com /cgi-bin/sgs/article/id=343 (1646 words)

	Consumer Price Index, CPI: definition, impact on Canadians' lives, example and related links
		The Consumer Price Index (CPI) is an indicator of the consumer prices encountered by Canadians.
		It is obtained by calculating, on a monthly basis, the cost of a fixed “basket” of commodities purchased by a typical Canadian consumer during a given month.
		Each consumer buys a different combination of these goods and services, and it would be unlikely for any consumer to buy everything on the list at one point in time.
	canadianeconomy.gc.ca /english/economy/cpi.html (341 words)

	Consumer Price Index (CPI)
		The Consumer Price Index (CPI), sometimes called the cost-of-living index, measures the average change in prices that typical American wage earners pay for basic goods and services, such as food, clothing, shelter, transportation, and medical care.
		The practice of indexing wages to the CPI is known as a cost-of-living adjustment (COLA).
		In addition, the CPI is often used to compare prices for certain goods within a set of years, and to calculate constant dollar values for two points in time.
	www.referenceforbusiness.com /small/Co-Di/Consumer-Price-Index-CPI.html (738 words)

	Econoday Report: Consumer Price Index 14, 2006
		Excluding all energy prices, the CPI was up a strong 0.3 percent for April-largely due to housing.
		The consumer price index rose 0.6 percent in April to a year-on-year rate of 3.5 percent.
		The real issue is whether higher oil prices will boost non-energy, non-food goods prices, and it this part of the CPI that the Fed will like give extra attention for measuring basic inflation pressure.
	www.nasdaq.com /econoday/reports/US/EN/New_York/cpi/year/2006/yearly/06/index.html (578 words)

	National Statistics Online
		In his Pre-Budget Report statement on 10 December 2003, the Chancellor of the Exchequer changed the UK inflation target to one based on the Consumer Price Index (CPI), which was previously called the UK Harmonised Index of Consumer Prices (HICP).
		Such comparisons are not possible using national consumer price indices due to differences in index coverage and construction.
		Although the same underlying price data is used in most cases to calculate the two indices, there are some specific differences in price measurement.
	www.statistics.gov.uk /cci/nugget.asp?id=181 (1104 words)

	CPI Inflation Calculator (Site not responding. Last check: 2007-10-22)
		This is an inflation calculator for adjusting costs from one year to another using the Consumer Price Index (CPI) inflation index.
		This inflation calculator is based on the average inflation index during the calendar year.
		Bureau of Labor Statistics (BLS), Consumer Price Index, All Urban Consumers - (CPI-U).
	www.jsc.nasa.gov /bu2/inflateCPI.html (286 words)

	Consumer Price Index
		The Consumer Price Index information page is your link to all the information about the US Consumer Price Index- (CPI-U).
		The Current US Consumer Price Index - All Urban Consumers (CPI-U) is compiled by the Bureau of Labor Statistics monthly and is based upon a 1984 base of 100.
		This is done by taking the current CPI-U Index and subtracting the Consumer Price index from a year ago and dividing the result by the Consumer Price index from a year ago.
	www.inflationdata.com /inflation/Consumer_Price_Index/CPI.asp (408 words)

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