Economics

The Consumer Price Index (CPI), which is produced monthly by the Bureau of Labor Statistics, is used to calculate headline inflation. The CPI calculates the cost of purchasing a fixed basket of commodities in order to determine how much inflation is happening in the economy as a whole. The CPI starts with a base year

As inflation reaches historic highs, lawmakers and analysts are debating the causes, which include pandemic-related shocks as well as government-imposed limitations and swings in consumer demand. One New York Times writer remarked this week on Twitter that recent media headlines about inflation are “all hype.” “Policies like the $15 minimum wage” are blamed by “wealthy

This is something I’ve been discussing with economists “People’s minds are firmly embedded in the “sticky wage” hypothesis. Wages are sluggish to rise in this theoretical construct because they are even slower to decline. As a result, managers hoard cash and postpone wage increases since they know how difficult it will be to reduce them

Inflation is the rate at which the price of goods and services in a given economy rises. Inflation occurs when prices rise as manufacturing expenses, such as raw materials and wages, rise. Inflation can result from an increase in demand for products and services, as people are ready to pay more for them. Some businesses

The technical half of the webinar was launched off by Shawn Fremstad, senior policy fellow at the CEPR, who presented the findings from the new paper “The Defining Down of Economic Deprivation: Why We Need to Reset the Poverty Line.” Fremstad described how measurements, particularly means-tested programs, are utilized as indicators of social and economic

On April 12, 2022, at 8:30 a.m. Eastern Time, the March 2022 CPI statistics will be announced. How much will inflation be in 2021? The United States’ annual inflation rate has risen from 3.2 percent in 2011 to 4.7 percent in 2021. This suggests that the dollar’s purchasing power has deteriorated in recent years. How