CPI & PCE
BLS News Release
Inflation Rates Graph
Argentina Article
100
Measures the change in the prices of a group of goods and services, relative to the prices in a specified base year
What is a price index?
100
Publishes the CPI statements
What is the Bureau of Labor Statistics?
100
1974 and 1980
What are the dates of the recessions?
100
Buying dollars and exchanging pesos
How does the Argentinian public protect themselves from inflation?
200
A measure of how the price of a fixed basket of goods and services changes; A measure of the actual and the imputed expenditures of a household
What is CPI and PCE?
200
This CPI statement accounts for about 29% of the US population and includes wage earners and clerical workers
What is CPI for Urban Wage Earners and Clerical Workers (CPI-W)?
200
Increased oil prices
What is the cause of the recession in 1974?
200
Changing the figures and fabricating numbers
What tactics did the Argentinian government use at INDEC?
300
The formulas used to calculate the index; The coverage of different items; The weights on different spending categories
What are the differences between CPI & PCE?
300
This CPI statement accounts for about 88% of the US population and includes wage earners, clerical workers, unemployed, self-employed, etc.
What is CPI for All Urban Consumers (CPI-U)?
300
1979 Energy Crisis and increasing oil prices
What is the cause of the 1980 recession?
300
Threats of fines and persecution
What does the government do to keep independent economists quiet?
400
CPI overstates increases in the cost of living (PCE does not) PCE is a broader measure of consumption than CPI; PCE has the advantage of being revised
Why does the Fed Prefer to use PCE to calculate inflation measures?
400
Includes the majority of consumer expenditure out of the 3 main subcategories (Food, Energy, etc.) in the CPI for All Urban Consumers
What is "All Items Less Food and Energy"?
400
Excessive growth in the money supply
What is a factor that causes inflation?
400
Sensitivity to historical hyperinflation rates in 1980s
Why does the government hide the inflation rate?
M
e
n
u