MAG - 4th Meeting
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Transcript of MAG - 4th Meeting
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Undergraduate Economics Association
Macro Analysis Group (Week 4)
By: Jeevan Parameswaran, Spencer Pettiti (VPs of Editorial Content)
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Undergraduate Economics Association
![Page 3: MAG - 4th Meeting](https://reader033.fdocuments.us/reader033/viewer/2022051312/5461eb7daf7959ba618b4a62/html5/thumbnails/3.jpg)
Undergraduate Economics Association
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Undergraduate Economics Association
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Undergraduate Economics Association 5
● Stock Definition:● “Produces monthly data on changes in the prices paid by
urban consumers for a representative basket of goods and services”
● BLS News Release● Can be considered a quasi cost-of-living measure
• 2 population groups:● CPI-U (All Urban Consumers,
87%)● CPI-W (Urban Wage Earners
and Clerical Workers, 32%)● Data is weighted based on
relevance (Consumer Expenditure Survey)
• Usage:● Economic Indicator (policy
efficacy)● Deflator (for adjusting
economic data)● Income / wage bargaining
● 80 Million tied● 27 Million school lunches
CPI
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Undergraduate Economics Association
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Undergraduate Economics Association
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Undergraduate Economics Association
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Undergraduate Economics Association
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Undergraduate Economics Association