January 29, 2009

CPI

Posted in CPI at 4:10 pm by davidprudente

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

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June 17, 2008

How Floods Will Hurt the Economy

Posted in Aggregate Supply, Articles, CPI, Globalization, Inflation, International Trade at 3:10 pm by davidprudente

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.

November 25, 2007

CPI Calculator

Posted in CPI at 7:50 am by davidprudente

Check out this handy-dandy CPI calculator from the Bureau of Labor Statistics