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Posts tagged ‘CPI’

What if an apple were an orange: quality adjustments in the consumer price index



The core Consumer Price Index (CPI), which excludes food and energy prices, unexpectedly dropped 0.1% month-over-month in March. Price declines were broad-based from apparel to new and used cars. But one category stood out as a significant outlier; there was a 7% drop in the cost of wireless…

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Inflation: Is there Something Strange Happening Here?



The March Federal Open Market Committee (FOMC) meeting had a decidedly dovish tone. The expected interest rate path was cut, with the FOMC expecting to raise the fed funds rate twice this year as compared to four times in December. The median forecasts for GDP and headline inflation (including food…

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