Consumer Price Index (CPI) for April 2008
Predicted: +0.3%
Actual: +0.2%
Below is the CPI when food and energy are subtracted from the equation, also known as the "core CPI":
Predicted: +0.2%
Actual: +0.1%
The above numbers represent the seasonally adjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.
The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.
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The CPI figure for April, 2008: 214.823 (not seasonally adjusted)
Change from 04/2007 through 04/2008: +3.9%
The baseline 100 score is pegged to 1982-1984 data. In other words, in general, consumer prices have more than doubled since the early 80's.
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General categories that constitute the CPI are:
- Healthcare
- Housing
- Clothing
- Communications
- Education
- Transportation
- Food & Beverages
- Recreation
- Miscellaneous Goods & Services (grooming expenses, etc.)
Click here to view the full Labor Department report.
Labels: consumer_price_index, cpi
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posted by Steve Brown | 5/14/2008 03:16:00 PM
1 Comments:
My understanding is that the current CPI is approximately 7% less than it would have been prior to the way things were calculated late in the Clinton era. Am I wrong?
If not...maybe you could include an article about what the rate would be in, say, Reagan times...or today.
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