Cpi Price Quotes

Inflation certainly played a role. Using the CPI (consumer price index), what cost $1 in 1970 took $6.19 to buy in 2014. A six-fold increase.

Now imagine one day hyperinflation strikes, and the price of your ribeye increases to one hundred dollars while your daily wage remains ten dollars. What happens to the price of your basket of goods? It cannot rise tenfold because you cannot afford the one-hundred-dollar ribeye. Instead, you make do with the chemical shitstorm that is a soy burger for ten dollars. The CPI, magically, shows zero inflation.

The reason the growth in the standard of living has been understated is that the Consumer Price Index (CPI) recorded price changes for each type of merchant separately and did not compare prices between types of merchants. Thus if the price of a box of Kellogg’s corn flakes remained fixed at twenty cents in March and April in a traditional store and was seventeen cents in a nearby A&P store newly opened in April, the price would be treated as fixed. This error in the CPI is called “outlet substitution bias” and has continued in the past three decades as Walmart has opened stores that charge less for groceries than traditional supermarkets do.

list of possible patterns for Support & resistance Levels to consider when trading: Prior day High, Low & Close Gap & Previous unclosed Gap AB =CD Trading Range High, Low & Middle boundary Channel lines & Trendline High & Low of large trend bar EMA Opening price of the day Swing Highs & Lows Whole number (such as $50, $120) Fibonacci retracement level: 50%, 61.8% and extensions Daily, Weekly, Monthly High & Low & Close Measured Move Past 3-days High & Low Strong Breakout Bar Any Long-Wick Bar, the rejected portion High Volume Bar’s High, Low & Close News Bar’s High, Low (News such as FOMC report, Inventory Report, Consumer Price Index (CPI) and Producer Price Index (PPI) and others.