Changes in the consumer price index in 2004

Article Abstract:

The geometric mean formula is utilized for calculating the elementary indexes for January 2004 information instead of the arithmetic mean formula to assess the consumer price index for urban consumers and for waged and clerical workers. The Bureau of Labor Statistics (BLS) is in the process of assessing the accuracy of the formula utilized in the computation of the basic item indexes annually and it might change the formula for creating these indexes.

Product standards, safety, & recalls, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Dept of Labor, Standards, Methods, Surveys, Consumer price indexes, United States. Department of Labor, Urban population, Formulas (Mathematics)

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United States

Article Abstract:

A report is indicated that shows a reduction in the spending capacity amongst consumers in the United States. According to the report it is the condition of the labor markets that concern the consumers.

Forecasts, trends, outlooks, Consumer Expenditures, Private Households, Stationery stores, Consumer Exp-Stationery,Writing Suppl, Consumer Expend-Food & Tobacco, Consumer Expend-Health & Recreation, Consumer Expend-Reading & Recreation, Forecasts and trends, United States economic conditions, Market trend/market analysis, Labor market, Consumer spending, Labour market

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Similar abstracts:

• Abstracts: Planned changes in the Consumer Price Index in 2004. Durables, nondurables, down payments and consumption excesses

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