mag - 4th meeting
DESCRIPTION
TRANSCRIPT
Undergraduate Economics Association
Macro Analysis Group (Week 4)
By: Jeevan Parameswaran, Spencer Pettiti (VPs of Editorial Content)
Undergraduate Economics Association
Undergraduate Economics Association
Undergraduate Economics Association
Undergraduate Economics Association 5
● Stock Definition:● “Produces monthly data on changes in the prices paid by
urban consumers for a representative basket of goods and services”
● BLS News Release● Can be considered a quasi cost-of-living measure
• 2 population groups:● CPI-U (All Urban Consumers,
87%)● CPI-W (Urban Wage Earners
and Clerical Workers, 32%)● Data is weighted based on
relevance (Consumer Expenditure Survey)
• Usage:● Economic Indicator (policy
efficacy)● Deflator (for adjusting
economic data)● Income / wage bargaining
● 80 Million tied● 27 Million school lunches
CPI
Undergraduate Economics Association
Undergraduate Economics Association
Undergraduate Economics Association
Undergraduate Economics Association
Undergraduate Economics Association