Between 2018 and 2020, the dollar saw an average annual inflation rate of 1.50 percent, resulting in a cumulative price increase of -2.93 percent. According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 2.93 percent lower than average prices since 2020. In 2018, the inflation rate was 2.49 percent. What […]
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This page highlights the March 2022 projections, which include the Consumer Price Index and Producer Price Index figures from February 2022. Consumer Price Index for Food (not seasonally adjusted) Before seasonal adjustment, the all-items Consumer Price Index (CPI), a measure of overall inflation, climbed by 0.9 percent from January to February 2022, up 7.9 percent
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The term “gross” (as in “Gross Domestic Product”) denotes that goods are counted regardless of how they are used. A product can be consumed, invested in, or utilized to replace an asset. In every scenario, the final “sales receipt” for the product will be added to the total GDP statistic. “Net,” on the other hand,
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TIPS (Treasury Inflation-Protected Securities) give inflation protection. As assessed by the Consumer Price Index, the principal of a TIPS increases with inflation and falls with deflation. When a TIPS matures, the adjusted principal or the original principal, whichever is greater, is paid to you. TIPS pay a fixed rate of interest twice a year. Because
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The overall economic condition is one of the most important elements impacting college tuition. States have simply had less money to work with since the recession. “Mandatory expenditure programs, notably Medicaid, are requiring more and more state cash,” according to CNBC, citing a 2015 Moody’s research. “In the zero-sum world of state spending, this has
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Consumers may find that, in addition to paying greater prices for new and used automobiles, they are also paying higher prices to fix their present vehicles owing to part and repair inflation. Consumers may also have to wait longer for new components to repair their vehicles, since the supply chain problems that plague new automobiles
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The percentage change in real GDP per capita between two consecutive years is used to compute the annual growth rate of real GDP per capita. GDP at constant prices is divided by the population of a country or area to get real GDP per capita. To make calculating country growth rates and aggregating country data
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A recession and a depression are both times when the economy shrinks, but their severity, duration, and total impact are different. A recession is a prolonged drop in economic activity that affects all sectors of the economy. A depression is a more severe economic slump, and in the United States, there has only been one:
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In the third quarter of 2020, real GDP increased in all 50 states and the District of Columbia. According to the Bureau of Economic Analysis, the United States’ overall real GDP expanded at a rate of 33.4 percent each year. The annual growth rate of real GDP in each state ranged from 19.2 percent in
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In 2020, health-care spending in the United States increased by 9.7% to $4.1 trillion, or $12,530 per person. Health spending contributed for 19.7 percent of the nation’s Gross Domestic Product. How much of our GDP will be spent on healthcare in 2020? The gap between health spending as a percentage of GDP in the United
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