Financial Frameworks Podcast 17 The Consumer Price Index - What It Is and Why You Care About It
Financial Frameworks' goal is to help you increase your financial decision making skills building on what you already know. This podcast focuses on the Consumer Price Index (CPI); what you need to know about it and how you can use the CPI data to plan and make better decisions. The CPI tracks over 200 categories of common consumer purchases and reviews over 80,000 pieces of new data every month. The CPI avoids duplication - for example counting energy purchased for your home separately from energy purchased for your car - and makes adjustments for consistency of data. Big decisions - interest rates, cost of living adjustments for Social Security, changes in the business cycle are driven by the CPI. How does it figure in your thinking? Financial Frameworks believes that 20 minutes a month spent with the CPI News Release on the second Tuesday of the month will increase the acuity of your financial framework and help you build solid, data based financial decisions.
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