Bureau of Labor Statistics Changes CPI
The Bureau of Labor Statistics (BLS) made changes of historical proportions this month by changing how the Consumer Price Index is reported. For the first time in history the BLS has begun reporting...
View ArticleInflation vs. Consumer Price Index – Do you know the difference?
Many people are confused by the difference between Inflation and the Consumer Price Index. The Consumer Price Index is as its name implies an index, or “a number used to measure change”. The Consumer...
View ArticleDoes the Consumer Price Index (CPI) Include Taxes?
Question: I have heard over the years that the CPI does not include taxes as one of its components. In other words, an increase or decrease in a tax rate is not considered a change in consumer...
View ArticleThe Real Basket of Goods
I recently received the following from Ed Devol, “When I try to educate people about the impact of inflation, I find putting it in terms of time worked for something is a good way of explaining...
View ArticleHow Inflation Can Reduce Your Annuity Income (and what you can do about it)
Even though this is written from a UK perspective, it holds true for the rest of the world, too. ~ editor Annuity Income and Inflation Inflation as defined by Wikipedia is “an average index used to...
View ArticleConsumer Price Index Definition
What is the Consumer Price Index? The Consumer Price Index is simply a basket of goods that is used by the Bureau of Labor Statistics to gauge how much price inflation the economy is experiencing. It...
View ArticleBureau of Labor Statistics Changes CPI
The Bureau of Labor Statistics (BLS) made changes of historical proportions this month by changing how the Consumer Price Index is reported. For the first time in history the BLS has begun reporting...
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July CPI Down But Inflation Up
The Bureau of Labor Statistics Released the Inflation Data for the Year ending in July on August 11th. Annual inflation was 1.73% in July – Up from 1.63% in June, but down from 1.87% in May, 2.20% in...
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Annual Inflation Up Sharply in May
The U.S. Bureau of Labor Statistics released the Annual Inflation Rate data for the year through the end of May on June 12th 2018. Annual Inflation is Up Annual inflation rate was 2.80% in May...
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July Inflation Up a Fraction
On August 10th 2018, the U.S. Bureau of Labor Statistics released their monthly Consumer Price Index report on the status of Inflation for the 12 months through the end of July. Annual Inflation is Up...
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June Inflation: Down Again
The U.S. Bureau of Labor Statistics (BLS) released their monthly Consumer Price Index report on July 11th 2019, for the 12 months through June 2019. Annual Inflation is Down Again Annual inflation in...
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February Inflation Increases 20% over January
Inflation Summary: Annual Inflation up from 1.40% in January to 1.68% in February. CPI Index rose from 261.582 in January to 263.014 in February. Monthly Inflation for January was 0.43% and February...
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Annual Inflation Soars to Highest Level in 31 Years
The Annual Inflation Rate exploded in October, according to the Bureau of Labor Statistics report. Inflation Summary: Annual Inflation highest since October 1990. CPI Index rose from 274.310 to...
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Does the CPI Exclude Mortgages or Rent?
I recently got the question, Why does the CPI exclude rent? So I’m answering that here. The Consumer Price index doesn’t exclude rent. It actually has an entire section entitled “Shelter”. But not...
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What is the Difference between the CPI-U and the CPI-W
The Consumer Price Index (CPI) is a widely used economic indicator that measures changes in the prices of goods and services over time. It measures the average change overtime in the prices paid by...
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May Inflation Surprisingly Mild
The U.S. Bureau of Labor Statistics released its May Inflation report on June 12th showing Annual Inflation was down from 3.4% in April to 3.3% in May. (But since we calculate it to two digits, it was...
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