13. Which index is the "Official CPI" reported in the media?
Each month, BLS releases thousands of detailed CPI numbers to the media.
However the media usually focuses on the broadest, most comprehensive CPI.
This is "The Consumer Price Index for All Urban Consumers (CPI-U) for the
U.S. City Average for All Items, 1982-84=100." These data are reported on
either a seasonally adjusted, or not seasonally adjusted, basis. Often,
the media will report some, or all, of the following:
the index level (for example, August 1999=167.1).
the 12-month percent change (for example, August 1998 to August 1999=2.3
percent).
the 1-month percent change on a seasonally adjusted basis (for example,
from July 1999 to August 1999=0.3 percent).
the annual rate of percent change so far this year (for example, from
December 1998 to August 1999 if the rate of increase over the first 8
months of the year continued for the full year, after the removal of
seasonal influences, the rise would be 3.1 percent).
the annual rate based on the latest seasonally adjusted 1-month change.
For example, if the July 1999 to August 1999 rate continued for a full 12
months, the rise, compounded, would be 3.7 percent.
On Tue, 9 Dec 2003, Jasjeet Singh Sekhon wrote:
>
> They usually either report the year-on-year figure OR the
> month-on-month figure and then annualize it to put it one the same
> scale. I've seen it done both ways. I don't know which is more
> common..... Jas.
>
> Ian Yohai writes:
> > When the change in CPI is reported in the press each month, do you happen to
> > know which number they report (i.e. month to month change or year on year
> > changes or some other method)?
> >
> > Ian
> >
> > -----Original Message-----
> > From: gov1000-list-admin(a)fas.harvard.edu
> > [mailto:gov1000-list-admin@fas.harvard.edu] On Behalf Of Jasjeet Singh
> > Sekhon
> > Sent: Tuesday, December 09, 2003 2:00 AM
> > To: Michael Richard Kellermann
> > Cc: jkline(a)fas.harvard.edu; gov1000-list(a)fas.harvard.edu
> > Subject: [gov1000-list] inflation series
> >
> >
> > Hi Mike,
> >
> > Good question. I'm glad you asked--:)
> >
> > The inflation series is based on the seasonally adjusted monthly cpi.
> > More specifically:
> >
> > Consumer Price Index For All Urban Consumers:
> > All Items
> > 1982-84=100, Seasonally Adjusted
> > Source: U.S. Department of Labor, Bureau of Labor Statistics
> >
> > Given the CPI, there are various way one could calculate inflation.
> > One is based on month on month changes in the CPI. Another is based
> > on year on year changes in the cpi.
> >
> > Year on year inflation: log(cpi t) - log(cpi t-12)
> >
> > where t refers to the month. That's what you were given. An
> > alternative is month on month changes which would be:
> >
> > month on month inflation: log(cpi t) - log(cpi t-1):
> >
> >
> > If you wish, I could post the data set with month on month
> > inflation. (all of the data is publicly available, but I have the
> > data sitting here so it is easy for me to post).
> >
> > Note that a good place which collates all of this data is the FRED
> > database at the St. Louis Federal Reserve:
> > http://research.stlouisfed.org/fred2/
> >
> > Cheers,
> > Jas.
> >
> >
> > Michael Richard Kellermann writes:
> > >
> > > Hi -
> > >
> > > Quick question: where does the inflation series in our dataset come from?
> > >
> > > Cheers,
> > > Mike
> > >
> > > _______________________________________________
> > > gov1000-list mailing list
> > > gov1000-list(a)fas.harvard.edu
> > > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> > _______________________________________________
> > gov1000-list mailing list
> > gov1000-list(a)fas.harvard.edu
> > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> >
> > _______________________________________________
> > gov1000-list mailing list
> > gov1000-list(a)fas.harvard.edu
> > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> _______________________________________________
> gov1000-list mailing list
> gov1000-list(a)fas.harvard.edu
> http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
>
type "top" to see all the things that are running. Note the "PID"
column, this is the Process ID for each job.
Type "kill 19161" to kill the job with PID 19161.
Dave
Yongwook Ryu writes:
> i have a number of xemacs running right now, greatly annoying people who want
> to work on their mid-terms.
>
> i am really sorry and want to say that all i did was accidental. does anyone
> know how to kill xemacs?
>
> yongwook
>
>
> -----------------------------
> Yongwook Ryu
> PhD Candidate
> Department of Government
> Harvard University
> Tel:617-493-3397
> Email: yryu(a)fas.harvard.edu
> -----------------------------
>
> _______________________________________________
> gov1000-list mailing list
> gov1000-list(a)fas.harvard.edu
> http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
--
David Kane
Lecturer in Government
617-563-0122
dkane(a)latte.harvard.edu
13. Which index is the "Official CPI" reported in the media?
Each month, BLS releases thousands of detailed CPI numbers to the media.
However the media usually focuses on the broadest, most comprehensive CPI.
This is "The Consumer Price Index for All Urban Consumers (CPI-U) for the
U.S. City Average for All Items, 1982-84=100." These data are reported on
either a seasonally adjusted, or not seasonally adjusted, basis. Often,
the media will report some, or all, of the following:
the index level (for example, August 1999=167.1).
the 12-month percent change (for example, August 1998 to August 1999=2.3
percent).
the 1-month percent change on a seasonally adjusted basis (for example,
from July 1999 to August 1999=0.3 percent).
the annual rate of percent change so far this year (for example, from
December 1998 to August 1999 if the rate of increase over the first 8
months of the year continued for the full year, after the removal of
seasonal influences, the rise would be 3.1 percent).
the annual rate based on the latest seasonally adjusted 1-month change.
For example, if the July 1999 to August 1999 rate continued for a full 12
months, the rise, compounded, would be 3.7 percent.
On Tue, 9 Dec 2003, Jasjeet Singh Sekhon wrote:
>
> They usually either report the year-on-year figure OR the
> month-on-month figure and then annualize it to put it one the same
> scale. I've seen it done both ways. I don't know which is more
> common..... Jas.
>
> Ian Yohai writes:
> > When the change in CPI is reported in the press each month, do you happen to
> > know which number they report (i.e. month to month change or year on year
> > changes or some other method)?
> >
> > Ian
> >
> > -----Original Message-----
> > From: gov1000-list-admin(a)fas.harvard.edu
> > [mailto:gov1000-list-admin@fas.harvard.edu] On Behalf Of Jasjeet Singh
> > Sekhon
> > Sent: Tuesday, December 09, 2003 2:00 AM
> > To: Michael Richard Kellermann
> > Cc: jkline(a)fas.harvard.edu; gov1000-list(a)fas.harvard.edu
> > Subject: [gov1000-list] inflation series
> >
> >
> > Hi Mike,
> >
> > Good question. I'm glad you asked--:)
> >
> > The inflation series is based on the seasonally adjusted monthly cpi.
> > More specifically:
> >
> > Consumer Price Index For All Urban Consumers:
> > All Items
> > 1982-84=100, Seasonally Adjusted
> > Source: U.S. Department of Labor, Bureau of Labor Statistics
> >
> > Given the CPI, there are various way one could calculate inflation.
> > One is based on month on month changes in the CPI. Another is based
> > on year on year changes in the cpi.
> >
> > Year on year inflation: log(cpi t) - log(cpi t-12)
> >
> > where t refers to the month. That's what you were given. An
> > alternative is month on month changes which would be:
> >
> > month on month inflation: log(cpi t) - log(cpi t-1):
> >
> >
> > If you wish, I could post the data set with month on month
> > inflation. (all of the data is publicly available, but I have the
> > data sitting here so it is easy for me to post).
> >
> > Note that a good place which collates all of this data is the FRED
> > database at the St. Louis Federal Reserve:
> > http://research.stlouisfed.org/fred2/
> >
> > Cheers,
> > Jas.
> >
> >
> > Michael Richard Kellermann writes:
> > >
> > > Hi -
> > >
> > > Quick question: where does the inflation series in our dataset come from?
> > >
> > > Cheers,
> > > Mike
> > >
> > > _______________________________________________
> > > gov1000-list mailing list
> > > gov1000-list(a)fas.harvard.edu
> > > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> > _______________________________________________
> > gov1000-list mailing list
> > gov1000-list(a)fas.harvard.edu
> > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> >
> > _______________________________________________
> > gov1000-list mailing list
> > gov1000-list(a)fas.harvard.edu
> > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> _______________________________________________
> gov1000-list mailing list
> gov1000-list(a)fas.harvard.edu
> http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
>
type "top" to see all the things that are running. Note the "PID"
column, this is the Process ID for each job.
Type "kill 19161" to kill the job with PID 19161.
Dave
Yongwook Ryu writes:
> i have a number of xemacs running right now, greatly annoying people who want
> to work on their mid-terms.
>
> i am really sorry and want to say that all i did was accidental. does anyone
> know how to kill xemacs?
>
> yongwook
>
>
> -----------------------------
> Yongwook Ryu
> PhD Candidate
> Department of Government
> Harvard University
> Tel:617-493-3397
> Email: yryu(a)fas.harvard.edu
> -----------------------------
>
> _______________________________________________
> gov1000-list mailing list
> gov1000-list(a)fas.harvard.edu
> http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
--
David Kane
Lecturer in Government
617-563-0122
dkane(a)latte.harvard.edu
13. Which index is the "Official CPI" reported in the media?
Each month, BLS releases thousands of detailed CPI numbers to the media.
However the media usually focuses on the broadest, most comprehensive CPI.
This is "The Consumer Price Index for All Urban Consumers (CPI-U) for the
U.S. City Average for All Items, 1982-84=100." These data are reported on
either a seasonally adjusted, or not seasonally adjusted, basis. Often,
the media will report some, or all, of the following:
the index level (for example, August 1999=167.1).
the 12-month percent change (for example, August 1998 to August 1999=2.3
percent).
the 1-month percent change on a seasonally adjusted basis (for example,
from July 1999 to August 1999=0.3 percent).
the annual rate of percent change so far this year (for example, from
December 1998 to August 1999 if the rate of increase over the first 8
months of the year continued for the full year, after the removal of
seasonal influences, the rise would be 3.1 percent).
the annual rate based on the latest seasonally adjusted 1-month change.
For example, if the July 1999 to August 1999 rate continued for a full 12
months, the rise, compounded, would be 3.7 percent.
On Tue, 9 Dec 2003, Jasjeet Singh Sekhon wrote:
>
> They usually either report the year-on-year figure OR the
> month-on-month figure and then annualize it to put it one the same
> scale. I've seen it done both ways. I don't know which is more
> common..... Jas.
>
> Ian Yohai writes:
> > When the change in CPI is reported in the press each month, do you happen to
> > know which number they report (i.e. month to month change or year on year
> > changes or some other method)?
> >
> > Ian
> >
> > -----Original Message-----
> > From: gov1000-list-admin(a)fas.harvard.edu
> > [mailto:gov1000-list-admin@fas.harvard.edu] On Behalf Of Jasjeet Singh
> > Sekhon
> > Sent: Tuesday, December 09, 2003 2:00 AM
> > To: Michael Richard Kellermann
> > Cc: jkline(a)fas.harvard.edu; gov1000-list(a)fas.harvard.edu
> > Subject: [gov1000-list] inflation series
> >
> >
> > Hi Mike,
> >
> > Good question. I'm glad you asked--:)
> >
> > The inflation series is based on the seasonally adjusted monthly cpi.
> > More specifically:
> >
> > Consumer Price Index For All Urban Consumers:
> > All Items
> > 1982-84=100, Seasonally Adjusted
> > Source: U.S. Department of Labor, Bureau of Labor Statistics
> >
> > Given the CPI, there are various way one could calculate inflation.
> > One is based on month on month changes in the CPI. Another is based
> > on year on year changes in the cpi.
> >
> > Year on year inflation: log(cpi t) - log(cpi t-12)
> >
> > where t refers to the month. That's what you were given. An
> > alternative is month on month changes which would be:
> >
> > month on month inflation: log(cpi t) - log(cpi t-1):
> >
> >
> > If you wish, I could post the data set with month on month
> > inflation. (all of the data is publicly available, but I have the
> > data sitting here so it is easy for me to post).
> >
> > Note that a good place which collates all of this data is the FRED
> > database at the St. Louis Federal Reserve:
> > http://research.stlouisfed.org/fred2/
> >
> > Cheers,
> > Jas.
> >
> >
> > Michael Richard Kellermann writes:
> > >
> > > Hi -
> > >
> > > Quick question: where does the inflation series in our dataset come from?
> > >
> > > Cheers,
> > > Mike
> > >
> > > _______________________________________________
> > > gov1000-list mailing list
> > > gov1000-list(a)fas.harvard.edu
> > > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> > _______________________________________________
> > gov1000-list mailing list
> > gov1000-list(a)fas.harvard.edu
> > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> >
> > _______________________________________________
> > gov1000-list mailing list
> > gov1000-list(a)fas.harvard.edu
> > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> _______________________________________________
> gov1000-list mailing list
> gov1000-list(a)fas.harvard.edu
> http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
>
type "top" to see all the things that are running. Note the "PID"
column, this is the Process ID for each job.
Type "kill 19161" to kill the job with PID 19161.
Dave
Yongwook Ryu writes:
> i have a number of xemacs running right now, greatly annoying people who want
> to work on their mid-terms.
>
> i am really sorry and want to say that all i did was accidental. does anyone
> know how to kill xemacs?
>
> yongwook
>
>
> -----------------------------
> Yongwook Ryu
> PhD Candidate
> Department of Government
> Harvard University
> Tel:617-493-3397
> Email: yryu(a)fas.harvard.edu
> -----------------------------
>
> _______________________________________________
> gov1000-list mailing list
> gov1000-list(a)fas.harvard.edu
> http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
--
David Kane
Lecturer in Government
617-563-0122
dkane(a)latte.harvard.edu
13. Which index is the "Official CPI" reported in the media?
Each month, BLS releases thousands of detailed CPI numbers to the media.
However the media usually focuses on the broadest, most comprehensive CPI.
This is "The Consumer Price Index for All Urban Consumers (CPI-U) for the
U.S. City Average for All Items, 1982-84=100." These data are reported on
either a seasonally adjusted, or not seasonally adjusted, basis. Often,
the media will report some, or all, of the following:
the index level (for example, August 1999=167.1).
the 12-month percent change (for example, August 1998 to August 1999=2.3
percent).
the 1-month percent change on a seasonally adjusted basis (for example,
from July 1999 to August 1999=0.3 percent).
the annual rate of percent change so far this year (for example, from
December 1998 to August 1999 if the rate of increase over the first 8
months of the year continued for the full year, after the removal of
seasonal influences, the rise would be 3.1 percent).
the annual rate based on the latest seasonally adjusted 1-month change.
For example, if the July 1999 to August 1999 rate continued for a full 12
months, the rise, compounded, would be 3.7 percent.
On Tue, 9 Dec 2003, Jasjeet Singh Sekhon wrote:
>
> They usually either report the year-on-year figure OR the
> month-on-month figure and then annualize it to put it one the same
> scale. I've seen it done both ways. I don't know which is more
> common..... Jas.
>
> Ian Yohai writes:
> > When the change in CPI is reported in the press each month, do you happen to
> > know which number they report (i.e. month to month change or year on year
> > changes or some other method)?
> >
> > Ian
> >
> > -----Original Message-----
> > From: gov1000-list-admin(a)fas.harvard.edu
> > [mailto:gov1000-list-admin@fas.harvard.edu] On Behalf Of Jasjeet Singh
> > Sekhon
> > Sent: Tuesday, December 09, 2003 2:00 AM
> > To: Michael Richard Kellermann
> > Cc: jkline(a)fas.harvard.edu; gov1000-list(a)fas.harvard.edu
> > Subject: [gov1000-list] inflation series
> >
> >
> > Hi Mike,
> >
> > Good question. I'm glad you asked--:)
> >
> > The inflation series is based on the seasonally adjusted monthly cpi.
> > More specifically:
> >
> > Consumer Price Index For All Urban Consumers:
> > All Items
> > 1982-84=100, Seasonally Adjusted
> > Source: U.S. Department of Labor, Bureau of Labor Statistics
> >
> > Given the CPI, there are various way one could calculate inflation.
> > One is based on month on month changes in the CPI. Another is based
> > on year on year changes in the cpi.
> >
> > Year on year inflation: log(cpi t) - log(cpi t-12)
> >
> > where t refers to the month. That's what you were given. An
> > alternative is month on month changes which would be:
> >
> > month on month inflation: log(cpi t) - log(cpi t-1):
> >
> >
> > If you wish, I could post the data set with month on month
> > inflation. (all of the data is publicly available, but I have the
> > data sitting here so it is easy for me to post).
> >
> > Note that a good place which collates all of this data is the FRED
> > database at the St. Louis Federal Reserve:
> > http://research.stlouisfed.org/fred2/
> >
> > Cheers,
> > Jas.
> >
> >
> > Michael Richard Kellermann writes:
> > >
> > > Hi -
> > >
> > > Quick question: where does the inflation series in our dataset come from?
> > >
> > > Cheers,
> > > Mike
> > >
> > > _______________________________________________
> > > gov1000-list mailing list
> > > gov1000-list(a)fas.harvard.edu
> > > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> > _______________________________________________
> > gov1000-list mailing list
> > gov1000-list(a)fas.harvard.edu
> > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> >
> > _______________________________________________
> > gov1000-list mailing list
> > gov1000-list(a)fas.harvard.edu
> > http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
> _______________________________________________
> gov1000-list mailing list
> gov1000-list(a)fas.harvard.edu
> http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
>
type "top" to see all the things that are running. Note the "PID"
column, this is the Process ID for each job.
Type "kill 19161" to kill the job with PID 19161.
Dave
Yongwook Ryu writes:
> i have a number of xemacs running right now, greatly annoying people who want
> to work on their mid-terms.
>
> i am really sorry and want to say that all i did was accidental. does anyone
> know how to kill xemacs?
>
> yongwook
>
>
> -----------------------------
> Yongwook Ryu
> PhD Candidate
> Department of Government
> Harvard University
> Tel:617-493-3397
> Email: yryu(a)fas.harvard.edu
> -----------------------------
>
> _______________________________________________
> gov1000-list mailing list
> gov1000-list(a)fas.harvard.edu
> http://www.fas.harvard.edu/mailman/listinfo/gov1000-list
--
David Kane
Lecturer in Government
617-563-0122
dkane(a)latte.harvard.edu
