Chapter
Understanding Inflation and the CPI
29:54 - 36:11 (06:17)
The consumer price index (CPI) increased by 1.2% in 2020 compared to 2019, which means inflation also rose by 1%. The Fed often looks at core inflation, which is CPI minus volatile things like food and energy.
Clips
The hosts discuss the controversial topic of whether or not Velveeta should be considered a type of cheese and its practical culinary applications.
29:54 - 30:18 (00:24)
Summary
The hosts discuss the controversial topic of whether or not Velveeta should be considered a type of cheese and its practical culinary applications.
ChapterUnderstanding Inflation and the CPI
EpisodeWhat Causes Inflation?
PodcastStuff You Should Know
The Bureau of Labor Statistics goes to great lengths to determine the Consumer Price Index (CPI) for measuring inflation, including detailed market basket surveys every 2 years and monthly price checks on products.
30:18 - 31:23 (01:04)
Summary
The Bureau of Labor Statistics goes to great lengths to determine the Consumer Price Index (CPI) for measuring inflation, including detailed market basket surveys every 2 years and monthly price checks on products. They compare the costs to a baseline year and adjust the CPI accordingly.
ChapterUnderstanding Inflation and the CPI
EpisodeWhat Causes Inflation?
PodcastStuff You Should Know
The Consumer Price Index (CPI) in 2019 was 1.2% lower than in 2020, indicating a rise in inflation.
31:23 - 35:12 (03:49)
Summary
The Consumer Price Index (CPI) in 2019 was 1.2% lower than in 2020, indicating a rise in inflation. Core inflation, which is CPI minus volatile items such as food and energy, is often considered by the Federal Reserve.
ChapterUnderstanding Inflation and the CPI
EpisodeWhat Causes Inflation?
PodcastStuff You Should Know
In this podcast, the host discusses the two primary measures of inflation: CPI (Consumer Price Index) and PCE (Personal Consumption Expenditure), and how they can be manipulated to fit the narrative of either politicians or economists.
35:12 - 36:11 (00:58)
Summary
In this podcast, the host discusses the two primary measures of inflation: CPI (Consumer Price Index) and PCE (Personal Consumption Expenditure), and how they can be manipulated to fit the narrative of either politicians or economists.