Q&A: What is the consumer price index? An economist explains
The U.S. Bureau of Labor Statistics (BLS) released the latest inflation report, based on the U.S. Department of Labor's ...
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Purchasing Power: What It Is, Formula, Examples
Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It fluctuates over time due to inflation, deflation and changes in income, directly ...
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Consumer Price Index: What It Is and Why It Matters
Because the PCE and CPI differ in their formula, weighting, scope and other effects, their results are different. The Federal Reserve prefers to use the PCE price index to measure inflation.