As part of a list of frequently asked questions, this one discusses limitations of the Consumer Price Index.
These frequently asked questions about the Consumer Price Index provide a nice overview of general information on the CPI.
This resource provides comprehensive information with topic areas covering statistics, news releases, FAQs, official government publications and more information pertaining to the consumer price index.
Discussion of inflation, the CPI index and owners' equivalent rent. [Economics playlist: Lesson 8 of 20]
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Students can investigate the consumer price index for all urban consumers. The resource includes an interactive graph and information about the index.
This15 minute video will aid students in understanding the Consumer Price Index (CPI) and how the price of goods / services are monitored to help sustain a nation's economic goals and growth. This video will aid in the mastery of standard EPF. 5 (a) and enforce EPF. 5 in (b) (c) (d)
Khan Academy learning modules include a Community space where users can ask questions and seek help from community members. Educators should consult with their Technology administrators to determine the use of Khan Academy learning modules in their classroom. Please review materials from external sites before sharing with students.
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.
By the end of this section, you will be able to:
Use the Consumer Price Index (CPI) to calculate U.S. inflation rates
Identify several ways the Bureau of Labor Statistics avoids biases in the Consumer Price Index (CPI)
Differentiate among the Consumer Price Index (CPI), the Producer Price Index (PPI), the International Price Index, the Employment Cost Index, and the GDP deflator.
Students will describe the purpose of a price index, and how it is calculated. Then students will describe the weaknesses of the CPI, and interpret CPI data as a measure of economic health. Finally, students will identify who is harmed and who is helped by inflation.