he Federal Reserve Bank of Dallas
has published a helpful interview
with Jim Dolmas
, a senior economist at the bank, in which he answers basic questions about how inflation is measured:
- How do recent inflation readings compare with historical trends?
- Haven't we seen particularly big increases in food and energy this time?
- What about the perception that inflation statistics don't match consumers' experiences when they shop?
- Shouldn't the cost of shelter be going down with housing prices?
- Why exclude food and energy from the inflation rate for core services?
- Are there other measures that help reveal inflation trends?
- What's the difference between the price index for personal consumption expenditures (PCE) and the consumer price index (CPI)?
You can access data on inflation in the US from this page
of the Dallas Fed site.###
Labels: Business acumen, Documentation