11-05-2010, 10:14 AM
|
#22 (permalink)
|
|
|
Quote:
Originally Posted by The_Dunedan
....*Funny how the costs of food, fuel, and electricity don't get used to compute inflation. They're the three things everybody essentially -must- have, and they're the three things which have suffered the greatest price inflation over the past five years. Nothing like being able to leave out data which makes you look like a lying sack of frogshit!
|
Just for the record, the govt does not calculate a rate of inflation...other than as an increase/decrease in the Consumer Price Index (CPI).
The CPI:
Quote:
The CPI represents all goods and services purchased for consumption by the reference population (U or W) BLS has classified all expenditure items into more than 200 categories, arranged into eight major groups. Major groups and examples of categories in each are as follows:
* FOOD AND BEVERAGES (breakfast cereal, milk, coffee, chicken, wine, full service meals, snacks)
* HOUSING (rent of primary residence, owners' equivalent rent, fuel oil, bedroom furniture)
* APPAREL (men's shirts and sweaters, women's dresses, jewelry)
* TRANSPORTATION (new vehicles, airline fares, gasoline, motor vehicle insurance)
* MEDICAL CARE (prescription drugs and medical supplies, physicians' services, eyeglasses and eye care, hospital services)
* RECREATION (televisions, toys, pets and pet products, sports equipment, admissions);
* EDUCATION AND COMMUNICATION (college tuition, postage, telephone services, computer software and accessories);
* OTHER GOODS AND SERVICES (tobacco and smoking products, haircuts and other personal services, funeral expenses).
Consumer Price Index Frequently Asked Questions
|
__________________
"The perfect is the enemy of the good."
~ Voltaire
|
|
|