01.29.09
CPI
There’s been a plethora of news about the economy over the past week — all of it bad. The Buruea of Labor Statistcs released its latest report for CPI on January 16th. The report indicated CPI for urban consumers has fallen: “On a seasonally adjusted basis, the CPI-U decreased 0.7 percent in December after declining 1.7 percent in November.”
Now, you might think lower prices would be a good thing for consumers (and it may be). However, can you explain why it points to trouble for the overall economy?
For fun, you can check out this CPI calculator from the BLS web site.
Click here to read more about the BLS and CPI.
Click here for an article about CPI from Bloomberg.com
And of course…Read Chapter 23 – Measuring The Cost of Living
06.17.08
How Floods Will Hurt the Economy
For all you veterans of AP Economics, this weeks floods in the mid-west made you think back to those easy days in high school when all you had to worry about was how natural disasters would affect aggregate supply. Now you may be concerned with how they’ll affect the amount of money in your pocket. Check out the latest on the floods in the mid-west from CNN.
11.25.07
CPI Calculator
Check out this handy-dandy CPI calculator from the Bureau of Labor Statistics
