When prices inflate, wallets deflate making consumers shy about spending.Īs you may observe, consumer spending drives worldwide economic productivity for example, our spending habits account for nearly two-thirds of all U.S. Bureau of Statistics announces the CPI (most countries have a similar index), Wall Street listens because price increases suggest inflation concerns. If you recall Psychology 101, each category coincides with Abraham Maslow's basic or physiological "Hierarchy of Needs". CPI reports account for 7 or 8 categories of goods and services in the U.S. The CPI "basket of goods" leaves out green eggs and ham, however, it includes breakfast cereal, milk, coffee, chicken, wine, full service meals and snacks. Department of Labor reports the Consumer Price Index (CPI).ĬPI reports tell us what a "basket of goods and services" costs using a benchmark dating from 1982-1984 Importantly, the CPI becomes one of many components within inflation measurement models. Sometimes his culinary skills warrant a cost per item analysis the same way the U.S. Our son wields a wild spatula when making his April Fool's Day green eggs and ham. "Do you like green eggs and ham?/I do not like them, Sam-I-am./I do not like green eggs and ham". Many parents trip their tongues over Seuss stories like "Green Eggs and Ham". Young readers know that March 4th is the birthday of Dr.
0 Comments
Leave a Reply. |