Closing the gap

  title={Closing the gap},
  author={Paul Smaglik},
Apopular measure of inflation is based on the consumer price index (CPI). The total CPI measures the price of a market-based basket of goods and services, relative to the base year. Core CPI inflation is the year-over-year rate of change of the CPI, excluding food and energy commodities and energy services.1 The core CPI inflation rate is an aggregate measure and therefore hides important differences between goods and services with regard to the behavior of inflation. Between January 1968 and… 
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