Instant View: US Feb PCE price index shows inflation keeps cooling
Reuters· 10 hours agoU.S. consumer spending rose moderately in February, likely payback after surging the prior month,...
Key inflation gauge rises by less than forecast
Portland Press Herald· 2 hours agoA key gauge of U.S. inflation rose in February by less than expected and consumer spending stabilized, suggesting the Federal Reserve may be close to...
U.S. PCE price inflation slowed in February, core rate equaled 15-month low By Investing.com
Investing.com· 10 hours agoConsumer prices rose less than expected in February, the latest monthly update of the Federal...
A key inflation gauge tracked by the Fed slowed in February
WSLS Newschannel 10 Roanoke· 10 hours agoThe Federal Reserve's favored inflation gauge slowed sharply last month, an encouraging sign in the...
Daily Spotlight: Fed's Favorite Inflation Indicator Out Today
Argus Research via Yahoo Finance· 12 hours agoThe Federal Reserve's favorite inflation indicator, the PCE Price Index, will be released by the BEA today. The index differs from the ...
UK house prices in biggest fall since 2009
Yahoo Finance UK· 15 hours agoAll regions of the UK saw a slowing in price growth in the first three months of the year, with most seeing small year-on-year falls. The...price of...
Federal Reserve’s preferred inflation gauge slowed in February
New York Post· 8 hours agoOverall consumer prices increased by 5% in February compared to the same month one year earlier,...
Watchdog report praises FDA for diverting restaurant food to grocery stores
The Hill· 56 minutes agoInflation has been coming down throughout the economy, as Friday’s personal consumption expenditures...
Consumer prices rose 5 percent in February as inflation cooled
The Hill· 10 hours agoThe personal consumption expenditures (PCE) price index fell to an annual increase of 5 percent in...
Inflation Improves in February, Comes in Under Expectations
US News & World Report· 10 hours agoThe core index, excluding food and energy prices, rose at an annual pace of 4.6% compared to 4.7% in...
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Consumer Price Index
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Consumer Price Index (CPI)The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The U.S. Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. investopedia.com
- BLS has classified all expenditure items into more than 200 categories, arranged into eight major groups (food and beverages, housing, apparel, transportation, medical care, recreation, education and communication, and other goods and services).
- The broadest and most comprehensive CPI is called the All Items Consumer Price Index for All Urban Consumers (CPI-U) for the U.S. City Average, 1982-84=100. The CPI-U represents the 93% of the U.S. population not living in remote rural areas. CPI-U is the basis of the widely reported CPI numbers that matter to financial markets.
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- As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy.
- The CPI and its components are used to adjust other economic series for price change and to translate these series into inflation-free dollars.
- Over 2 million workers are covered by collective bargaining agreements which tie wages to the CPI.
Source: investopedia.com, wikipedia.org, bls.gov
