| Modoc County Grand Jury | |
 |
|
Inflation / Consumer Price Index
"Inflation" is a monetary phenomenon due to expansion of the money supply.
The Consumer Price Index (CPI) is more commonly used to estimate cost changes, salary adjustments, etc. The CPI is the ratio of the cost of a bundle of goods presumed to represent the annual expenditures of a family to the cost of the same goods in some prior or "base year". Using the CPI for a starting year and the CPI for an ending year the percentage change is an estimate of the increase:
PercentChange = 100 * ( CPIYear2 / CPIYear1 - 1 )))
US and California Consumer Price Index
Year
USA Index
USA %
CA index
CA %
2000
172.2
3.4
174.8
3.7
2001
177.1
2.8
181.7
3.9
2002
179.9
1.6
186.1
2.4
2003
184.0
2.3
190.4
2.3
2004
188.9
2.7
195.3
2.6
2005
195.3
3.4
202.6
3.7
2006
201.9
3.2
210.3
3.6
Total 2000-2006 17.25 20.31
- USA 17.25% (1.1725 = 201.9/172.2)
- CA 20.31% (1.2031 = 210.3/174.8)
The US increase agrees with other US data on the Internet:
Page modified: 07 Aug 2017 18:36:09 -0700
|
|
||
| This is not an official site of the Modoc Grand Jury and has neither been reviewed nor approved by the Modoc County Grand Jury. | ||
|
|
||
| [Back to Top] | For comments or information contact ModocGrandJury@gsmall.us. | [Home Page] |