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Measuring Cost Of Living

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Saurabh Goel

Created by Mr.Saurabh Goel IBS Chennai

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Measuring the Cost of Living
Measuring the Cost of Living ,[object Object],[object Object],06/07/09
THE CONSUMER PRICE INDEX ,[object Object],[object Object],[object Object],06/07/09
THE CONSUMER PRICE INDEX ,[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],[object Object],[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],[object Object],[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],[object Object],06/07/09
Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
How the Consumer Price Index Is Calculated ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],06/07/09
FYI: What’s in the CPI’s Basket? Copyright©2004 South-Western 06/07/09 16% Food and beverages 17% Transportation Medical care 6% Recreation 6% Apparel 4% Other goods and services 4% 41% Housing 6% Education and communication
Problems in Measuring the Cost of Living ,[object Object],06/07/09
Problems in Measuring the Cost of Living ,[object Object],[object Object],[object Object],06/07/09
Problems in Measuring the Cost of Living ,[object Object],[object Object],[object Object],[object Object],06/07/09
Problems in Measuring the Cost of Living ,[object Object],[object Object],[object Object],[object Object],06/07/09
Problems in Measuring the Cost of Living ,[object Object],[object Object],[object Object],[object Object],06/07/09
Problems in Measuring the Cost of Living ,[object Object],[object Object],[object Object],06/07/09
The GDP Deflator versus the Consumer Price Index ,[object Object],06/07/09
The GDP Deflator versus the Consumer Price Index ,[object Object],[object Object],[object Object],06/07/09
The GDP Deflator versus the Consumer Price Index ,[object Object],[object Object],06/07/09
The GDP Deflator versus the Consumer Price Index ,[object Object],[object Object],06/07/09
The GDP Deflator versus the Consumer Price Index ,[object Object],[object Object],06/07/09
Figure 2 Two Measures of Inflation 1965 Percent per Year 15 10 5 0 1970 1975 1980 1985 1990 2000 1995 Copyright©2004 South-Western 06/07/09 CPI GDP deflator
CORRECTING ECONOMIC VARIABLES FOR THE EFFECTS OF INFLATION ,[object Object],06/07/09
Dollar Figures from Different Times ,[object Object],06/07/09
Table 2 The Most Popular Movies of All Times, Inflation Adjusted Copyright©2004 South-Western 06/07/09
Indexation ,[object Object],06/07/09
Real and Nominal Interest Rates ,[object Object],06/07/09
Real and Nominal Interest Rates ,[object Object],[object Object],[object Object],06/07/09
Real and Nominal Interest Rates ,[object Object],[object Object],[object Object],[object Object],[object Object],06/07/09
Figure 3 Real and Nominal Interest Rates 1965 Interest Rates (percent per year) 15 10 5 0 – 5 1970 1975 1980 1985 1990 1995 2000 Copyright©2004 South-Western 06/07/09 Real interest rate Nominal interest rate
Summary ,[object Object],[object Object],[object Object],06/07/09
Summary ,[object Object],[object Object],06/07/09
Summary ,[object Object],[object Object],06/07/09
Summary ,[object Object],[object Object],[object Object],06/07/09

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Measuring Cost Of Living

  • 1. Measuring the Cost of Living
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11. Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
  • 12. Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
  • 13. Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
  • 14. Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
  • 15. Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
  • 16.
  • 17. FYI: What’s in the CPI’s Basket? Copyright©2004 South-Western 06/07/09 16% Food and beverages 17% Transportation Medical care 6% Recreation 6% Apparel 4% Other goods and services 4% 41% Housing 6% Education and communication
  • 18.
  • 19.
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  • 22.
  • 23.
  • 24.
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  • 28.
  • 29. Figure 2 Two Measures of Inflation 1965 Percent per Year 15 10 5 0 1970 1975 1980 1985 1990 2000 1995 Copyright©2004 South-Western 06/07/09 CPI GDP deflator
  • 30.
  • 31.
  • 32. Table 2 The Most Popular Movies of All Times, Inflation Adjusted Copyright©2004 South-Western 06/07/09
  • 33.
  • 34.
  • 35.
  • 36.
  • 37. Figure 3 Real and Nominal Interest Rates 1965 Interest Rates (percent per year) 15 10 5 0 – 5 1970 1975 1980 1985 1990 1995 2000 Copyright©2004 South-Western 06/07/09 Real interest rate Nominal interest rate
  • 38.
  • 39.
  • 40.
  • 41.