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

[@whoisdion_]

Fan from Zimbabwe here. Thank you so much. I'll enjoy my presentation tomorrow⚡

[@Munashe._]

ndine test mangwana 😢

[@AmericanDad1]

Who else is here studying for an exam

[@gothimaya2776]

Not for an exam, personally. But good luck! No, just someone who isn’t bad with math wanting to understand information better. Especially since everyone likes to add flavor and opinions to every conversation/publication when I just want the FACTS. Lol

[@ChikondiSintchaya]

me

[@aishaibrahim2795]

Me 😢

[@柏芝没有未来]

Me

[@ernestcoolezt3848]

Me 😂

[@khosizulu5808]

Took 2 days trying to understand this and for it within the first 5 minutes of this video. Thank you!

[@briansmusicchannel2998]

Helping my son with math project on inflation, good starting point thank u

[@hafsahsiddique5828]

Cant describe how helpful your videos are. I will pray for your success.

[@mixedlifehacks3951]

yes Greetings from Philippines 🤭😗🇵🇭

[@nbacurly]

Damn man I remember when you used to help me with AP Human and I got a 5 on that. I sincerely thank you for everything bro

[@cy-taku3952]

you explanation is so easy to understand thank you

[@faithpholosi2399]

Where have you been all my life,,,"new subscriber", thank you Mr Sinn

[@tsegayewedajo949]

Clear and precisely done

[@reminder_for_you-2]

Thank you,sir! Allahuma Barik, may God bless you!!

[@Abc123-u4h]

I am upsc aspirant of India and it very useful ❤️❤️

[@RajSingh-fw5ml]

Thank you so much! My only question is where to find the guided notes, they're not in the description...

[@billzhang709]

For the CPI number that the government publishes monthly, is it calculated based on month instead of year? What is the base usually?

[@mademan3822]

Love this video Sir . I have subscribed right now 💯🔥✅

[@thereparisgoagain4718]

this video is so helpful!!!

[@jf4118]

Its important to note that he means the inflation rate percentage is calculated only by the CPI between one year and the previous year before that.

[@marilyncarlosenterprise8644]

Right.

[@lauratempestini5719]

Great to have “Guided Notes”!!! How do we get them. I not seeing it in the description below. Please help!

[@gabriela-di2hg]

Thank you Mr. Sinnnn got it. God bless :)

[@luisanora7443]

Thank you! I’m a German exchange students and never seen that before. You e plane that pretty good’

[@anakarina32]

Awesome!! Thank you!!

[@IssahMsodoka]

Well explained ❤Thank you

[@weinseinlay610]

Hi Set index formula Set=Current market value×100/Base market value This is for Stock thailand. Can you calculate it with examples . I want to know that is how to get daily set index with that formula . Please help me...

[@jonasbasese3273]

This teaching is helpful; thank you for sharing your knowledge.

[@literaryartist1]

Loved it. Thank you very much.

[@nonhlanhlamaluleka2788]

You are a star

[@murilooliveirasilva6707]

Basket is it equal to a group of products?

[@oshinb9756]

Very helpful and clear. Thank you

[@jackstarr4397]

what an awesome and clear video. Respect

[@nikolauscordes4910]

they are so goo!!! thank you!!

[@dennisnyamai001tv3]

100 % Amazing .....it helped mie Continue during this great job broo

[@mosesmuele5975]

First to view this, thanks for sharing the knowledge

[@MrSinn]

Congrats on being the first view!

[@anongshoanuvobkhan8387]

Thanks a lot big man

[@grownupgoth]

Thank you!

[@learnstat2083]

sir, love from india state maharashtra💜❤

[@haivu6976]

Some segments in the video are stamped not adjacent to each other

[@divaonedivine]

Thank you! This helped me so much in Micro economics.

[@michaelchen2136]

while this is a macroeconomics topic

[@dicksonjrgyamfi5055]

😂😂

[@rajeshmisra1030]

Thanks sir. Very nice.

[@bibirameshwar4629]

this was very helpful

[@1stKingKazma]

Whats the basket of goods used?

[@AmendaKenken]

Thank you so much 🙏

[@Abdulmubinhassan]

Sir how can i find inflation rate of 2016

[@carleynorthcoast1915]

I found this channel by coming across a video that introduced basic economic principles and I went to the channel to find a follow up video. I found a playlist of videos that went over the concepts summarized in the first video and playlists of videos for topics inmicro/macroeconomics and types of economies. The problem is I can't find any other introductory videos - for instance is there a video that introduces the concept of inflation for someone who doesn't know what it is?

[@MrSinn]

carley northcoast I don’t have a video that talks about just the concept of inflation. That is a good idea though! Any other videos you think I could use?

[@noel7777noel]

@@MrSinn "inflation" is "interest" rates. Inflation = interest rates Say I save X amount of dollars for retirement in 1990. Well. I want the same X amount of dollars when I retire in 2035. So. To adjust for inflation, I want the bank to match the interest with inflation. And it must match. And if both are zero. Inflation doesn't happen. Because everyone saving for a one star retirement and everyone receives a two star retirement is impossible math. And if this is tried, inflation will happen. So how to invest without inflation happening. Say I invest in a capital investment to earn interest rates. Say that capital investment is a pizza shop. If I want 1% interest rates, the pizza gets 1% more expensive. So 1% inflation happens on the price of the pizza. Inflation and interest rates are the same thing. The idea here is. To invest in something one themselves doesn't buy. For example. Investors in apartment buildings. The landlords never rent themselves. A Rob Peter to pay Paul. Now the landlord saves for a one star retirement, and receives a two star retirement, while the tenants save for a two star retirement and receives a one star retirement, so inflation doesn't happen. Because the math equation is now in equilibrium. You get your tenants to pay you interest rates. The tenants save for a two star retirement and receives a one star retirement. The landlords are Paul, and the tenants are Peter. In this rob Peter to pay Paul.

[@niiv7263]

Awesome!!! Thanks

[@heryiswanto4904]

Terimakasih mr.sin, i am from indonesian:)

[@jordankopal1412]

Hello, for some reason when I calculate the formula, from 2017 to 2019 it gives me the incorrect percent answers. I managed to get 2015 and 2016 using your way. year 2-year1/year 1 * 100.

[@yanshikarajput7399]

can anyone tell me which specific market basket he is talking about.....??

[@KabembaJohn-v9x]

Your excellent 💯

[@margaretmufuzi9050]

Very helpful

[@AbuSufian-rm5gw]

one question, without getting the CPI we still can get the inflation by using the market basket price between years..

[@faYte0607]

In summary, CPI calculation always uses a base year that doesn't change. However, inflation does not use a base year that doesn't change. it takes rolling years. Inflation is pretty much the %change in YoY price of a basket of goods or CPI. Either can be used

[@keyasen2527]

Thanks man ♂️

[@SpaceMonke300]

Thank you :)

[@theeofficialchichi1575]

Thank you so much

[@ritchiejoyvalencia5180]

very good am not sure what are you up to today my last day of work and I love the way you want it to be qualified for this position I have to go to the gym and then let's do it 💪💪💪💪💪

[@indersandhu3394]

Why is is inflation rate different when we use different base year

[@syedmehdi5676]

Because your are calculating the percentage change in prices ( in other words the inflation) as compared to a base year. So if your basis of comparison changes i.e., the base year changes, the values for inflation will also change.

[@Mads_Vel]

Hello, I have monthly inflation data and calculated the monthly %-change from 1971 to today. What is the formula for annual inflation change from 1971 to today?

[@abdullahkanrani6633]

Send the link of notes please

[@anamikanoorainbitto3441]

Very Helpful! ❤️

[@AshleysLifewithaKid]

Why is the base year 2015 and not 2014?

[@thuanhuynh7928]

Character In the video It's great, I like it a lot $$

[@humphreysimaunga5876]

Helpful

[@rohan78001]

धन्यवाद sir 🇳🇵🇳🇵

[@katrinaberiana6246]

How'd you get the cpi of 2014 😮

[@WHkangaroo]

Divide 15 over 25 times 100

[@pulagamvamsikrishna7691]

first of all how do we get this market basket

[@sidewalker6003]

how to calculate QoQ for CPI?

[@sanyamahajan9068]

The price of steel produced in India sold to America goes up. what will happen to GDP deflator and CPI of America? rise or fall. please answer, thank you

[@HappyGuy-cn9po]

Thx

[@amousawie]

ANOVA multi variant regression is juicier

[@tarunx2]

Why need CPI at all when inflation can be calculated from the basket price itself?

[@Joshua-e7z2d]

giatay nag search gani kay unsaon patagnaon man noon

[@vincejacob5278]

CAN THERE BE A NEGATIVE IN THE LEVEL OF INFLATION?

[@eduardoheide4835]

Yes. It is called deflation.

[@shannonmurphy4180]

why r people watching this vid in their free time. like tf my teacher made me watch this and it makes me want to take a gun to my head. all peace n love!

[@ishmaelmumba2892]

What if is exceeding 100%

[@jd6181]

i don't understand

[@robertmccully2792]

Why use 100? Not explain.

[@Lfc_1111]

Just as an easy comparable number, it has no significant economic meaning

[@KshitijSahu-gg3qo]

I PROMISE HE'S NOT BLINKING HIS EYES Good video though

[@oyoweprecious7157]

Not properly explained. This was more complicated

[@noel7777noel]

At a higher level of math, you start to do it (instead) backwards. Basically, An amateur in math will see a GDP as a whole number and not a whole fraction. Basically, GDP is adding fractions. Thus. When adding fractions, the answer is a fraction. GDP is supposed to be a fraction. And inflation is the changes of that fraction. He was explaining cumulative inflation. Cumulative inflation is not the same as inflation. Cumulative inflation will look like, 8/8 increases to 8/9, then increases to 8/10. And regular inflation is the changes in that fraction expressed in a percentage. While regular inflation looks like 2%, and stays the same on an average At a higher level of math, you start to do instead backward. Lock in the GDP to a whole fraction to do the math backward. It will be a speed trick. The GDP fraction will now look like 8/8 changes to 9/9, than changes to 10/10. Basically, since the GDP represents a whole pie, AKA a whole fraction. This is why an amateur in math will see a GDP as a whole number.

[@obisraelngawani1373]

😂😂😂😂

[@bigchoed9478]

​@@noel7777noel thanks for the additional perspective

[@jd6181]

this video is not helpful the answer i got does'nt match the answer in the video

[@allenpetrus9705]

On year 2017 the inflation rate should be 40%

[@hilwaamanamankiyar-pp5bf]

ONE

[@rolandopapa6979]

Please interpret slowly

[@ThomasBone-o8h]

Chanel Mall

[@britneyeiases1328]

You're just giving answers instead of showing us how you found them

[@redarcade1092]

thank you very helpful

[@talhasultan3577]

how to know what's the value of market basket?