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The U.S. government provides a number of different inflation measures, but one of the more publicized ones is the Consumer Price Index, less food and energy. Also known as the core CPI, this index measures the price changes for a basket of consumer goods excluding the more volatile prices of food and energy.
Headline CPI includes all items in the index such as groceries, utilities, gasoline, vehicles, shelter and medical care, among others, and does not adjust for seasonality or food and energy. While the headline number includes more items, the core number has typically been regarded as a more valuable gauge of inflation because it removes the short-term price volatility of food and energy. However, when a short-term price increase in food and energy turns into a long-term trend, the c...
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Introduction
Because many insurance claims take years to be settled or adjudicated, inflation tends to increase the cost of these long-tail claims ...
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American workers are getting squeezed, not able to get ahead because anemic growth in their wages is not keeping up with the fast rise in prices for food, fuel and other necessities.
Surveys show meager growth in average wages of 1.7 percent in the past year, while surges in gasoline and food prices have pushed the inflation rate to more than 2 percent. Growth in other sources of income such as rents, interest and Social Security also has been weak or nonexistent.
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Inflation has been slightly higher than projected. Measured by the consumer price index (CPI), inflation is now higher than 3%. A strong rise in prices for electricity and petrol has pushed up CPI inflation since autumn 2007. Inflation has increased in many countries. Oil and gas prices have risen further through spring. Capacity utilization in Norway is high. An ample supply of labor, strong productivity growth and considerable terms of trade gains through several years have boosted the growth potential of the Norwegian economy. Growth in the Norwegian economy seems to have slowed as expected in 2008 Q1. Enterprises in Norges Bank's regional network report high capacity utilization but moderating growth in most of the industries. Monetary policy in Norway is oriented towards annual con...
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Argentine President Nestor Kirchner removed a top official in charge of measuring inflation at the Instituto Nacional de Estadisticas y Censos (INDEC)...
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Introduction
Because many insurance claims take years to be settled or adjudicated, inflation tends to increase the cost of these long-tail claims t...
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This paper demonstrates the importance of properly measuring inflation when estimating Federal Reserve reaction functions. Based on static Taylor rule type reaction functions the median consumer price index (MCPI) is a better measure of information on monetary inflation than either the consumer price index (CPI) or the GDP chain-type price index (CTPI) or several other common measures of inflation. The issue is important when attempting to assess the stance of monetary policy; the Federal Reserve's goal of maintaining price stability must account for movements in the overall price-level and not changes in relative price.
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This paper demonstrates the importance of properly measuring inflation when estimating Federal Reserve reaction functions. Based on static Taylor rule type reaction functions the median consumer price index (MCPI) is a better measure of information on monetary inflation than either the consumer price index (CPI) or the GDP chain-type price index (CTPI) or several other common measures of inflation. The issue is important when attempting to assess the stance of monetary policy; the Federal Reserve's goal of maintaining price stability must account for movements in the overall price-level and not changes in relative price.
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Inflation blew through the nation like a hurricane last month, leaving an altered economic landscape and a debate among experts over whether the changes are permanent.
In September, the Consumer Price Index rose 1.2%, the government reported Friday. That is its largest monthly increase since March 1980, during the era of stagflation.