Imagine what the CPI rate (the “official” inflation rate) would be like if it included gas prices and grocery prices.
“Imagine what the CPI rate (the “official” inflation rate) would be like if it included gas prices and grocery prices.”
See my post #9
https://tradingeconomics.com/united-states/producer-prices
In the United States, the Producer Price Index for final demand measures price change for commodities sold for personal consumption, capital investment, government, and export. It is composed of six main price indexes: final demand goods (33 percent of the total weight), which includes food and energy; final demand trade services (20 percent); final demand transportation and warehousing services (4 percent); final demand services less trade, transportation, and warehousing (41 percent); final demand construction (2 percent); and overall final demand.