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Economy

Economic Data (USA)

Friday, February 20, 2009

Consumer Price Index (CPI) for January 2009

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for January 2009:

Predicted: +0.3%
Actual: +0.3%

Below is the CPI when food and energy are subtracted from the equation, also known as the "core CPI":

Predicted: +0.1%
Actual: +0.2%

The above numbers represent the seasonally adjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

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The CPI figure for January 2009: 211.143 (not seasonally adjusted)

Change from 1/2008 through 1/2009: 0.063 (+0.0003%)

The baseline 100 score is pegged to 1982-1984 data. In other words, in general, consumer prices have more than doubled since the early 80's.

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General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food & Beverages
  • Recreation
  • Miscellaneous Goods & Services (grooming expenses, etc.)

Click here to view the full Labor Department report
.

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