How to Calculate the Consumer Price Index (CPI) and Inflation Rate

Another example problem: • How to Calculate the C...
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This video shows how to calculate the CPI and annual inflation rate.
For more review questions and problems on the CPI: • CPI: Exam Review Quest...

[@AquaticSloth1]

This six minute video gave me a far better understanding of CPI and inflation rate than my professor's 45 minute one. Thank you!

[@paulg.3475]

my inflation rate in 2018 is 24.8 but in the video the answer is 10.25?

[@ottery2242]

Facts bro teachers should put or share this kind of videos to student instead of them talking for 45 minutes

[@Jethraya]

All best your mind works faster when you are having exams next day 😂😂

[@domondonalyssamayp.3460]

I agreeeeee 🥰🤍

[@sushil5138]

@@paulg.3475 ...m L

[@madebymelon7133]

I was literally crying trying to figure out how to do this, it's not as complicated as I thought it was; many thanks for the clear and concise explanation!

[@EconomicsinManyLessons]

I am glad the video helped!

[@LaceySantino]

Thank you so much for your concise video. I have watched six hours of lectures from my professor to understand this exact same concept. I could not have done it without you.

[@EconomicsinManyLessons]

That is great news to hear! Thanks for watching!

[@SamTuyishime]

Thanks for this course l really get something about CPI and inflation rate watching this video is more than spending 10 hours with lecturer

[@shanaadams4456]

Thank you so much for your video. I was freaking out thinking I did my calculations wrong and watching this just instilled some confidence in myself.

[@EconomicsinManyLessons]

That is good to hear. Thank you for watching!

[@romesakhan3601]

Finally I got clearity of my concepts in some extent. Thank you

[@MunnyLerner]

I love this style of presentation - very simple, shows all the relevant math, no extra monologue - which makes for "easy to remember", many thanks!

[@jd6181]

wow this is the best cpi explanation i've watch easy to understand i subscribed already

[@josephmw431]

This video is extremely helpful in understanding CPI and inflation rate.

[@mohammadashraful6092]

Just amazing,, I Have understood clearly. From Bangladesh as a student of Economics. Thanks a lot for giving easy solution of CPI.

[@shantae14k]

Explained better than my professor. Thank you!

[@ediot.1012]

For real,

[@bobsalgado2453]

By far the best video explaining how to calculate inflation 🔥👏

[@EconomicsinManyLessons]

Thank you for that!

[@tehxing4703]

OMG THANK YOUU!!! Because of you, I'm so certain to get an A for economics tomorrow❤

[@suziebean5531]

This explanation is very simple and easy to understand,thanks very much.I fully understand it now.

[@hibenjie]

I only came here to find an answer to the question "does quantity matter in later years when calculating CPI?". Got it answered quickly!

[@Laqhasha-Rsa]

this was very helpfull, you made it easier for me in 6 minutes

[@shauweiwong6223]

thanks for super clean, simple and easiest way to teach us

[@JulieKapi-uz1wt]

thank you and thats a nice video it really helped alot... i hope you guys can make more of this type of videos on different topics with examples

[@chrisackotia7497]

This was extremely helpful, thank you!

[@jacksonjackey5414]

Best one for understanding CPI math ❤🇧🇩

[@khaukhaderrick8638]

Thanks, heading for exams tomorrow, this has been great 👌

[@vishalpandit1533]

Thankyou so much sir ....Lots of love from BHARAT (INDIA)🎉

[@MK_Secrets]

Awesomeness this is called good teaching 🎉

[@kkanohi4966]

Im drinking coffee at campus 20 mins till my midterm and I think I’m going to repeat this course. Yolo

[@user-sf4jp8zx9c]

Whuch college are you in

[@hehehellohi_]

How's base year in cpi & inflation rate is different

[@dananjayachathuranga7113]

very clear video sir.

[@EconomicsinManyLessons]

Thank you for the feedback!

[@karladelport2949]

But what if the quantities do change? Will you go about it the same way?

[@ericneal7194]

Thank you! For some reason it's some big freakin secret that I have to figure out on my own in my macro course.

[@Nileshpandey0907]

What lucid and detailed explanation. Hello sir this is Nilesh pandey greetings from india (Mumbai) I was randomly scrolling videos and i found your channel. This is my frist video i have watched on your channel. Currently i am studying Final year of my graduation in economics and i am interested in learning mathematical economics. So it's request that could you please suggest some books for readings that would enhance my understanding of mathematical concept of economics. I will be really thankful to you if you response. 11/11/2023 Saturday 07:51AM

[@Br00t4lm0b]

Thank you so much for this!!! I am doing an assignment on CENGAGE and the pages didn't really explain the formulas to the questions I would get. This really helped me, thank you!

[@magicman2265]

Exactly what needed thanks!

[@EconomicsinManyLessons]

You are welcome!

[@medanashebir6090]

thank you sir. this video is help full.

[@EconomicsinManyLessons]

You are very welcome!

[@adamrahima8780]

Thanks alot I'm having exam on Monday

[@AYUSHKUMAR-nf2qh]

THIS VIDEO WAS TRULLY HELPFUL THANK

[@likaarbolishvili5098]

Thank you for a very wonderful lesson!

[@akiratsun]

best explanation on youtube. thank you!

[@alexandrugeorge1573]

What i don’t understand is that they do this for each month compared to same month last year. So in January might be 15% and December 5%. Does that mean the inflation for this year was 5% or is it the average for all months from january to december . Example for 2 months… (15+5)/2 = 10.

[@Jordan-fn1cz]

what if we are given a table with different quantities for each year? Does the process change, or is it the same?

[@sonilejere4316]

Thank you for this very clear explanation

[@itsbeast8108]

thnK YOU VERY MUCH FOR THIS CONTENT

[@Kiwi-ik4hc]

Your the best 😭🙌🏼🙌🏼🙌🏼

[@EconomicsinManyLessons]

Thank you so much!

[@user-pw5mh9ys4w]

Best explanation I love that 👍

[@patrickdiaz4766]

You're a lifesaver 😊

[@MiloPerrotti]

Thanks that helped it was very clear and easy to understand.

[@abidmehmood382]

Thank you so much for your concise video

[@vahidshojaie263]

how we measure inflation when we have CPI that thier base years are different?

[@GreenspudTrades]

Is the quantity what they call relative importance?

[@corrosive9430]

Correct me if i am wrong, don't you think we don't need to multiply with 100 for CPI calculations? even though it gives same answer for Inflation rate

[@jackien404]

Thank you so much! I now understand something that always confused me.

[@Grandeur_edits]

i have a question : why not calculate the yearly inflation rate based on mark basket instead calculate the the yearly inflation rate based on CPI just wondering would that give us a different result?

[@victor_ola1835]

Hello if i have different quantities for the years, do i still calculate it the same way?

[@keitumetsemokhaneli2492]

I also wanna know

[@khadijatasveeb9818]

I have the same question...

[@lawrencealex8339]

We hard very hard way for CPI computation.awesome the problem solved

[@sheacrymble6247]

THANKS

[@Jayo73]

Thank you very much , that was so helpful !!

[@simonmwamba2845]

Very helpful, wow😮😊

[@slixk0459]

Thank you

[@EconomicsinManyLessons]

You are welcome!

[@abdulrahamantv8409]

The best soo far🙌

[@notbasilcount1059]

i have to do this shit for my law school entrance exam (I hate my eastern euro country so much) thank you man

[@vantharn8214]

thank you for good video i hope you will make more video for everyone that watch

[@tachahirintsoa2181]

Thank you, it's so clear

[@Sobayall]

Thank you so much ✌🏼💯

[@indrianinastika]

Thank you for making this video. :)

[@dani-ws25465]

I check on Bureau of Labor Statistics website.. the CPI is calculated monthly.. the last is September 2023. How to calculate the CPI for year 2023 compared to 2022...? Do I need to take the everage of ech month ? total CPI each month / 12 month? thanks

[@SalK-3S3K]

Should be ending CPI values for 2 periods

[@anny7654]

hell yea ! understood in less than 10 mins

[@altafkhattak2]

Same here

[@Riyaakatal]

What if the quantity is not fixed for all years?

[@jameskagwa251]

This is a very helping video

[@leisan5218]

I appreciate the details. Thank you. ^^

[@supreme7770]

You doing great man.

[@nka3721]

So helpful, thanks.

[@julien994]

Thanks alot this has been helpful

[@dhrugohil5228]

Best video on this topic online!

[@engravedwithelegance3651]

Thank you so much

[@bikersoncall]

So the inflation rate is the change in CPI from year to year? Inflation rate is calculated using yearly CPI?

[@EconomicsinManyLessons]

The annual inflation rate is the PERCENTAGE change in the CPI from one year to the next.

[@thokozirekuyera3811]

Good work

[@mdrahatzaman1992]

you did good but your voice sound is low. Thank you

[@christianromay8516]

thanks you

[@tktgnk1188]

what about annualised rate of inflation?

[@papunsahu6519]

Thanku somuch sir But i have one doubt I am in a state of confusion And the confusion is that how the basket of goods choose There are un numerablem goods in real in economy

[@EconomicsinManyLessons]

The goods in the US market basket are determined by the Consumer Expenditure Survey, which contains detailed information on the goods and services purchased by a random sample of consumers.

[@papunsahu6519]

@@EconomicsinManyLessons i will think about consumer survey and if i have any doubt then i will ask u sir ,,

[@jesusalfaro7360]

how do choose a year as the base year

[@anthonyo1561]

I have quantity for the other years too

[@ishamaheshwari4864]

extremely useful...great explanation

[@ediot.1012]

Can the inflation rate be negative?

[@EconomicsinManyLessons]

Yes, it can be negative.

[@sriram12thd33]

Does it indicate disinflation?

[@Brrriana]

Easier to understand. Thanks man!

[@bescathindwa5311]

very helpful

[@sawyersyr2739]

thanks bro!

[@aqsaejaz1799]

how to calculate sensitive price index

[@CaydenVarnedoe]

Nice video

[@EconomicsinManyLessons]

Thank you!

[@shanajsteam2313]

Very clear to understand.

[@jrmjay9478]

Is the CPI growth the same thing as the CPI

[@KenKevin-zj5js]

What about 2016

[@rexregisdelgado5178]

Thank you Sir,

[@bassamkanaan6678]

THANK YOU'

[@mannukang103]

Sir if they did give year in equation

[@diffyart]

Thanks a lot sirr

[@gideonmuta7568]

very very helpful

[@fatcatattack]

Makes sense

[@FireLord4000]

good vid

[@sanjeevanisarkar1777]

This was really helpful

[@vaibhavsharma6260]

Please uplod for wpi .

[@followdg]

Very helpful, thank you