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Inflation is typically calculated via two indexes in the United States. The consumer price index (CPI) and the producer price index (PPI). The consumer price in
by pg_bot 8y ago
Inflation is typically calculated via two indexes in the United States. The consumer price index (CPI) and the producer price index (PPI). The consumer price index does its best to calculate difficult issues such as improvements in technology, changes in shelter and prices for other goods and services urban consumers use across the country. Each report is calculated monthly I will link to the most recent versions of each report below:
tl;dr Of course it can.
[0]: CPI https://www.bls.gov/opub/hom/pdf/homch17.pdf https://www.bls.gov/opub/hom/pdf/homch17.pdf
[1]: PPI https://www.bls.gov/ppi/ppidr201804.pdf https://www.bls.gov/ppi/ppidr201804.pdf
- xapata 8y agoI think he meant that the mean is not the message. If you're an outlier, you don't care what the mean consumer price inflation is.
- vanderZwan 8y agoCorrect, but I think it is very understandable that I was misinterpretated. Luckily, the replies to the misinterpretation are still very informative in a different way! :)