I just spent some quality time poring over the latest Consumer Price Index (CPI) tables, which are reported each month by the Bureau of Labor Statistics and determine the U.S. inflation rate. According to the release, prices for urban residents have risen 4.0% over the past year, and it's fun to look at the different numbers and see how they contribute to the overall result.
For example, in the Transportation category (up 8.2%), a dramatic increase in Gasoline prices (26%) is balanced in part by a more heavily-weighted decline in the cost of New vehicles (-1.1%). In the Food and beverages category (up 4.4%), relatively modest increases in Meats, poultry, fish, and eggs (3.8%) and in Fruits and vegetables (1.7%) are counteracted by sharper increases in Cereals and baking products (8.1%) and in Dairy and related products (11%).
Meanwhile, the entire index is pulled lower by something called "Owners' equivalent rent of primary residence," in the Housing category, which accounts for 23.942% of all expenditures and rose 2.6%. I'm a layperson in economics and statistics, but I'm hooked-- I'm looking forward to seeing April's numbers, which come out May 14.
The office I work in is full of things old people buy to make themselves feel young again. I can honestly say that our awesome new toy, The Swagtron T3 Hoverboard, makes me feel very, very old. I’ll explain why later. Swagtron T3 Pros There’s no way to overcharge the battery and that means no […]
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A leaked memo from Apple CEO Tim Cook to his staff explaining why he met with Donald Trump — a guy who called Apple traitors for refusing to defeat their own security — explains the rationale: “tax reform.”
One of the best ways to progress a career in project management is through earning recognized certifications. These certifications carry significant clout and don’t require expensive tuition or student loans. This Ultimate Project Management Certification Bundle is a great example of an affordable way to get ahead. It includes training for 9 certifications including PMP, […]
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The 2016 World Series game 7 will undoubtedly go down in history as one of the greatest baseball games of all time. With endless suspense, a nefariously-timed rain delay, and extra innings, it reminded over 40 million viewers why they love America’s pastime – and why all bets were truly off in 2016. Savor the […]