An approach to constructing a consumer price index that identifies consumption with the acquisition of consumption goods and services in a given period. This method is commonly used by statistical agencies for all goods other than owner-occupied housing.
An in-depth look at the Consumer Price Index (CPI), its historical context, importance, applications, and more.
Core Inflation is a measure of inflation excluding volatile items like food and energy prices, aimed at providing a clearer picture of long-term inflation trends.
The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. This entry focuses on its relation to out-of-pocket expenses.
Comprehensive definition and explanation of CPI-U, a key metric used to measure inflation in urban areas.
An index that gives a measure of the purchasing power of money. In the UK, the best-known measure is the Retail Price Index; in the USA, it is the Consumer Price Index.
The inflation rate is a crucial economic indicator measuring the rate of increase of a specified price index over a period. This article covers the concept, historical context, methods of calculation, types, key events, importance, and much more.
An in-depth examination of the Living Costs and Food Survey (LCF) which details household expenditures and cost of living, playing a critical role in the UK's economic data and consumer statistics.
An in-depth examination of real wages, their historical context, significance in economics, impact on workers and employers, formulas, examples, and related terms.
A comprehensive overview of the Retail Price Index (RPI), its historical context, components, importance, and comparisons to other indices like CPI.
A comprehensive guide to the Retail Price Index (RPI), including historical context, importance, applicability, and more.
The relative importance attached to various components entering into any index number, such as a consumer price index, based on surveys of consumer behaviour.
Comprehensive overview of Cost-of-Living Adjustment (COLA), focusing on its definition, applications in various sectors, historical background, calculation methodology, and impact on economic policies.
Comprehensive overview of the Cost-of-Living Index, an economic indicator that measures the changes in the price level of a basket of consumer goods and services.
Current dollars refer to the measurement of the cost of an asset using today's price level, which reflects inflation adjustments. For instance, using the Consumer Price Index (CPI) as a basis, an asset that cost $20,000 when the CPI base was 100 would cost $36,000 in current dollars if today's CPI is 180.
A comprehensive look into Indexes, their formation, applications, and significance in economics and finance, including their impact on contracts and adjustments.
An index lease is a rental agreement that adjusts the rent based on a published record of cost changes, commonly referencing indices like the Consumer Price Index (CPI).
An Indexed Life Insurance policy has a face value that varies in accordance with a prescribed index, such as the Consumer Price Index (CPI), offering benefits similar to ordinary whole life insurance.
A detailed guide on inflation rate, its significance in the economy, primary U.S. indicators such as the Consumer Price Index (CPI) and the Producer Price Index (PPI), historical context, and FAQs.
A detailed explanation of the market basket concept, its use in economic indicators like CPI and PPI, historical context, and examples.
A comprehensive guide to understanding price indexes, their types, historical context, and applications, with a focus on well-known indexes like the CPI and PPI.
Purchasing Power of the Dollar is the measure of the amount of goods and services that a dollar can buy, taking into account historical changes due to inflation or deflation.
A Reopener Clause provision allows for the reopening of a collective bargaining contract before its expiration under certain conditions, often related to changes in economic factors like the Consumer Price Index.
Treasury Inflation-Protected Securities (TIPS) are inflation-indexed Treasury bonds whose principal is adjusted according to the Consumer Price Index (CPI). These securities pay a small rate of interest, with the principal increasing along with inflation as measured by the CPI.
A detailed exploration of the 'Basket of Goods' concept, its role in the calculation of the Consumer Price Index (CPI), and practical examples to illustrate its application.
Comprehensive guide on Index-Linked Bonds, covering their definition, mechanics, examples, and applications in financial markets.
An in-depth look at Owners' Equivalent Rent (OER), its calculation, and how it influences the Consumer Price Index (CPI).
Explore the concept of purchasing power, understand how it is measured using the Consumer Price Index (CPI), and learn about its implications for investors and the economy.
An in-depth guide to the Retail Price Index (RPI), a key measure of consumer inflation in the UK, including its calculation, applications, historical context, and differences from other inflation indices.
