Visualizing Information: Taking Apart CPI Inflation

Sunday, May 04, 2008 | 11:55 AM

Excellent Sunday morning chart porn in the Business section of today's NYT, regarding the various components of CPI inflation measures:

click for interactive chart

Cpi_average_consumer_spending

Each month, the Bureau of Labor Statistics gathers 84,000 prices in about 200 categories — like gasoline, bananas, dresses and garbage collection — to form the Consumer Price Index, one measure of inflation. It’s among the statistics that the Federal Reserve considered when it cut interest rates on Wednesday. The categories are weighted according to an estimate of what the average American spends.


>

Source:
All of Inflation’s Little Parts
Amanda Cox
The New York Times, May 3, 2008  http://www.nytimes.com/interactive/2008/05/03/business/20080403_SPENDING_GRAPHIC.html

Sunday, May 04, 2008 | 11:55 AM | Permalink | Comments (20) | TrackBack (0)
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Comments

Besides taxes, the other glaring omission from the CPI is interest. Yet the Federal Reserve uses the Fed Funds rate as its key policy lever.

Interest is a cost for corporations; is it not a cost for individuals?

Posted by: Jim Haygood | May 4, 2008 12:47:09 PM

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