Posts Tagged ‘inflation’

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    The Christmas Price Index

    Dec 24, 10 • 260 Views • No Comments

    You might want to check the CPI…the Christmas Price Index. Calculated by PNC for the last 27 years, it tells us the value of the items in “The 12 Days of Christmas.” This year, the PNC CPI totaled $23,439.38 for anyone purchasing one of each...  [read more]

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    A Price Story

    Dec 22, 10 • 333 Views • No Comments

    Do you think that the BPP is more accurate than the CPI? Based at MIT, The Billion Prices Project (BPP) monitors close to 5 million items sold by approximately 300 retailers in 70 countries. Using the BPP, we can choose a country and then see, on a daily...  [read more]

  • GPI Instead of CPI?

    Oct 27, 10 • 602 Views • No Comments

    Your grandma cares about the CPI. If it indicates the price level is rising, then she will automatically get a COLA–a cost of living adjustment that elevates her monthly social security check. This video from NPR’s Paul Solman shows how CPI...  [read more]

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    Inflation Stories

    Oct 3, 10 • 403 Views • No Comments

    Arrive at a supermarket at the same time everyday? Require cash instead of credit?  Stop making beer? Why? The answer to each question is INFLATION. We are told that the Fed is always worried about inflation. If you know that you should worry too but...  [read more]

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    Deflation Worries

    Sep 13, 10 • 343 Views • 3 Comments

    We have something else to worry about: deflation. If you had $100 in 2000, you would need $126.60 in 2010 to make the same kinds of purchases. Called inflation, prices tend to go up each year. Most consumers and businesses are happy with a little inflation,...  [read more]