Consumer Price Index


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Consumer Price Index

A computation made and issued monthly by the Bureau of Labor Statistics of the federal Labor Department that attempts to track the price level of designated goods and services purchased by the average consumer.The consumer price index (CPI) is an indicator of the rate of inflation in the economy because it measures changes in the cost of maintaining a particular standard of living.

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Table 61: Brazil consumer price index (absolute), 2007-11 130
Core consumer price index refers to the price level after excluding the short-term factors, such as weather and international oil price, and is used as the basis in observing the long-term trend and change of consumer prices, as well as a key reference for the central bank in determining its monetary policy.
A comparison of the consumer price index for March with that of February this year shows that though at the overall level, the CPI remained the same, at major group levels, there were some changes in prices.
In this system, if the Consumer Price Index escalates 5 percent, a tenant's rent would increase by 5 percent as well.
The consumer price index, meanwhile, should shoot up by 14.
Last year voters in Lower Stonecrest approved an increase in the fee in line with the Consumer Price Index.
The dollar amount of the fee-based trigger has been adjusted to $528 for 2006 based on the annual percentage change reflected in the consumer price index that was in effect on June 1, 2005.
Paul pointed out, even some Keynesian economists admit that the Consumer Price Index (CPI) "grossly understates true [price] inflation," with "the most glaring problem" being that "CPI excludes housing prices, instead of tracking rents.
Additionally, Diederich urged the Committee to index several federal highway funding mechanisms to the Consumer Price Index, so that taxes collected on gasoline and tires will rise along with the general inflation rate.
According to data from the Ministry of Public Management, Home Affairs, Posts and Telecommunications, with Tokyo pegged to 100, the consumer price index in Naha, Okinawa, was 88.
Hong Kong's composite consumer price index, the broadest measure of price moves, fell 1.
Mr Martin was praised for his aims by Des Geraghty, general secretary of SIPTU, Ireland's biggest trade union, but insisted that "tinkering" with the consumer price index was not the way to achieve them.

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