Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in investment capital. learn about our financial review board ...
The core inflation rate is measured by the coreConsumer Price Index(CPI) and the corePersonal Consumption Expenditures(PCE) price index. In January 2012, the Federal Reserve reported at its FOMC meeting that it preferred to use the PCE price index.2 TheBureau of Labor Statistics(BLS) reports ...
The Consumer Price Index (CPI) is an economic metric that measures the average change over time in the prices of a predetermined set of products and services, including food, medicines, housing, and transportation, that people consume.
Is FIRE Really Just an Empty Goal? You’ll Probably Spend More Than You Think Most people assume they’ll spend far less money in retirement, but the reality is quite different. AJ.P. Morgan Asset Management studyfound that many new retirees spend quite a bit on travel, home renovations,...
The Consumer Price Index (CPI) base year is a reference point used in calculations to determine percentage changes in the prices for consumer goods. A number of nations use the CPI to determine how much money is needed to purchase basic items. This value can also provide information about ...
We know that the average net worth of Americans is lower than you’d guess, but what about income? Is it the same? So many questions! Fortunately for us, we have two reputable data sources for this type of information: The Social Security Administration. Everyone who earns a paycheck will...
Partial productivities are measurements that use one or more factors (inputs) of production, but not all factors. Labor productivity, which we usually express as output per hour, is a common example in economics. At the company level, typical partial productivity levels include energy per unit ...
3 Ways Inflation Is Related to GDP Gross domestic product (GDP) is one of the most important statistics in economics. It represents three separate conceptions of the strength of an economy: 1. The value of everything that is produced within the country 2. The value of everything that is...
Inflation in consumer prices is measured and tracked so that problems in the economy can be pinpointed. If the rate of inflation is outpacing the rate of income growth, the economy is in trouble. Inflation can be negative, too; this is calleddeflation, but it is relatively rare. BLS publi...
The BLS was first established as a branch of the Department of the Interior in 1884 with a mandate to research and compile information about economics and labor. For nearly 15 years, it subsequently operated as an independent department, before being incorporated into the short-lived Department of...