Consumer Price Index (CPI) - Core CPI - Trimmed
Mean CPI
Definition: Measures
the rate of inflation experienced by consumers on a fixed basket
of goods and services. The change can be calculated monthly,
quarterly or yearly. Many central banks use their country's CPI figure as one of the most important indicators when deciding interest rates.
Additional
Info: The
Core figure excludes volatile items. Volatile items are:
Food, Energy Alcohol and Tobacco (UK & Eurozone)
Food and Energy (US)
The Eight most volatile items (Canada). These items are:
1. Fruit, fruit preparation and nuts
2. Vegetables and vegetable preparation
3. Tobacco products and somekers' supplies
4. Mortgage interest costs
5. Inter-city transportation
6. Natural Gas
7. Gasoline
8. Fuel oil & other fuels
Click here for visual analysis and historical data for the Canadian
Core CPI.
Fresh Food (JPN)
Trimmed Mean CPI factors in the
seasonality of certain components. Price changes that fall in the
outside 30% of all price change distribution for CPI components
are ignored.
Related Terms: PCE
Price Index
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