Undergraduate Economics Association

Undergraduate Economics Association

Undergraduate Economics Association

Undergraduate Economics Association

Undergraduate Economics Association

CPI

5

• Stock Definition:• “Produces monthly data on changes in the prices

paid by urban consumers for a representative basket of goods and services”

• BLS News Release• Can be considered a quasi cost-of-living measure• 2 population groups:

• CPI-U (All Urban Consumers, 87%)• CPI-W (Urban Wage Earners and

Clerical Workers, 32%)• Data is weighted based on

relevance (Consumer Expenditure Survey)

• Usage:• Economic Indicator (policy efficacy)• Deflator (for adjusting economic

data)• Income / wage bargaining

• 80 Million tied• 27 Million school lunches

Undergraduate Economics Association

Undergraduate Economics Association

Undergraduate Economics Association

Undergraduate Economics Association

Undergraduate Economics Association