To calculate the Consumer Price Index between two years in Excel, take a sum of all the amounts spent on the basket of products over those two years. Then use the following formula to find the CPI ...
Yes, inflation is at a 40-year high, but you might not be feeling its sharp bite. It all depends on where you spend your money. The Consumer Price Index is a basket of thousands of goods and services.
If you’ve checked the news even once over the past few months (or tried to buy basically anything), you know the United States is currently dealing with a bit of an inflation problem. Compared to this ...
GDP measures all final goods/services produced in a defined area, adjusted for inflation to show real growth. GDP growth rates, especially real GDP annually, are key indicators of economic activity ...
With the official inflation rate at 2.8%, consumers may be asking themselves how this is possible because their experience at the till point belies the number recently put out by Statistics South ...