Inflation Statistics

Inflation Statistics give us the record of inflation in different countries depending on the available data of the changes in the purchasing power of the mass. Inflation takes place when the general price of goods and services experience an upward movement. Inflation is measured by placing it the altered price against the various price index, the most common being the CPI or the Consumer Price Index. Inflation statistics reveal the impact of inflation on the various economies by recording how much problem an economy suffers due to the hike in price. The statistical report expresses the inflation rate in terms of figures. This numeric data divulge the situation of an economy during an inflationary period.

Contents In Inflation Statistics

The inflationary rate is measured against the CPI which takes into account the changes that take place at a daily basis in the market. The CPI again is divided into two groups. They are:

• CPI for the Urban Consumers
• CPI for Urban Wage Earners and Clerical Workers
• A new incorporation is the Chained Consumer Price Index which is a correspondent of the Cost-of Living index.

The Producer Price Indexes is a group of indexes that records alterations brought about changing prices on the part of the seller who sells domicile goods. They were previously referred to as the Wholesale Price Index.

Import and Export Prices also form another index against which inflation rate is measured. In this index is recorded the changes in the price of international goods and services. This comparison is done by setting the US price level as a parameter against which the prices of all the other goods and prices of various countries are measured.

Consumer Spending survey is yet another index which records the spending habits of the consumer and also includes the data on their expenditure and income.