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So what gives? Does anyone have the data sets and the formulas used to calculate the CPI? No, I don't think so, because they are hidden. Until the data used t
by ErikAugust 6y ago
So what gives?
Does anyone have the data sets and the formulas used to calculate the CPI? No, I don't think so, because they are hidden.
Until the data used to calculate the CPI is open, it is all speculation.
- ed25519FUUU 6y agoThat’s a good point. The CPI has a huge impact on policy and really just about every financial thing in our lives. It’s kind of insane that we don’t have good visibility and oversight into it!
- fennecfoxen 6y agohttps://download.bls.gov/pub/time.series/ https://download.bls.gov/pub/time.series/ Be sure to refer to overview.txt and for more high-level details refer to https://www.bls.gov/cpi/data.htm https://www.bls.gov/cpi/data.htm and https://www.bls.gov/cpi/methods-overview.htm https://www.bls.gov/cpi/methods-overview.htm — you might also find relevant information on weighting here https://www.bls.gov/cpi/tables/relative-importance/home.htm https://www.bls.gov/cpi/tables/relative-importance/home.htm Typical entries in the AP (Average Price) series look like: APU0000701322 2015 M05 1.335 where APU0000701322 is a pound of spaghetti or macaroni, and M05 is May. I thought of telling you off for spreading misinformation to incite, but I figured that saying it this would gets my point across more strongly.
- edoceo 6y agoYou made the right choice and those links were helpful.
- ErikAugust 6y agoAn "Average Price" has to be calculated from survey data. That survey data is what is not open as far as I know: https://www.bls.gov/opub/hom/cpi/data.htm https://www.bls.gov/opub/hom/cpi/data.htm.