5. CPI
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
●
Undergraduate Economics
80 Million tied
5
Association
●
27 Million school lunches
