CPI - CONSUMER CONSUMER PRICE INDEX PRICE INDEX Eco 301...

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Unformatted text preview: CONSUMER CONSUMER PRICE INDEX PRICE INDEX Eco 301 - Fall 2011 Nick Noble Consumer Prices Index 1 Outline Outline Money Supply Definitions, data, growth rate Real GDP (growth) Definitions, Data, and growth Prices Definitions GDPD, CPI, PCED, Data, growth (inflation) Velocity and the Fed Eco 301 - Fall 2011 Nick Noble Consumer Prices Index 2 CPI CPI Consumer Price Index Personal Consumption Expenditures Price Index Less Food and Energy Eco 301 - Fall 2011 Nick Noble Consumer Prices Index 3 Consumer Price Index Consumer Price Index Market basket Calculations: CPI t = VMB t /VMB b Eco 301 - Fall 2011 Nick Noble Consumer Prices Index 4 Consumer Price Index Consumer Price Index Data BLS Eco 301 - Fall 2011 Nick Noble Consumer Prices Index 5 CPI Inflation CPI Inflation Month to Month Year to Year Eco 301 - Fall 2011 Nick Noble Consumer Prices Index 6 100 x 12 x 1) x(t 1) x(t x(t) g(m2m) --- = 100 x 12) x(t 12) x(t x(t) g(y2y) --- = CPI Inflation Rates CPI Inflation Rates Month to Month Month to Month Year to Year Year to Year Eco 301 - Fall 2011 Nick Noble Consumer Prices Index 7 CPI Inflation Rates CPI Inflation Rates Month to Month Month to Month Year to Year Year to Year Eco 301 - Fall 2011 Nick Noble Consumer Prices Index 8 CPI...
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This note was uploaded on 10/20/2011 for the course ECO 301 taught by Professor Sungu during the Fall '10 term at Miami University.

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CPI - CONSUMER CONSUMER PRICE INDEX PRICE INDEX Eco 301...

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