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E15: CPI, WPI, and Inflation
Manage episode 340967114 series 3394199
We talk about the consumer price index and the wage price index, how the CPI is used to measure inflation, and why these metrics are particularly bad for reflecting the experience of the very poor.
Support the pod on Patreon for bonus episodes, early access, and additional material: https://www.patreon.com/statisticallyinsignificant
References
Australian Bureau of Statistics (2018) '6461.0 - Consumer Price Index: Concepts, Sources and Methods', accessed 30 Jan 2022, https://www.abs.gov.au/ausstats/abs@.nsf/mf/6461.0.
Australian Bureau of Statistics (2021) 'Annual weight update of the CPI and Living Cost Indexes', accessed 30 Jan 2022, https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/annual-weight-update-cpi-and-living-cost-indexes/2021.
Australian Bureau of Statistics (2022) 'Consumer Price Index, Australia methodology', accessed 30 Jan 2022, https://www.abs.gov.au/methodologies/consumer-price-index-australia-methodology/dec-2021.
COVID-19 in Australia (2022) https://www.covid19data.com.au/ Website accessed 20th Feb 2022.
Flood, A. (2022) 'Terry Pratchett estate backs Jack Monroe's idea for 'Vimes Boots' poverty index', The Guardian, 27th Jan, accessed 29th Jan 2022, https://www.theguardian.com/books/2022/jan/26/terry-pratchett-jack-monroe-vimes-boots-poverty-index
Hamilton, S. (2022) tweet: https://twitter.com/SHamiltonian/status/1490458920019959812
Monroe, J. (2022) 'We’re pricing the poor out of food in the UK – that’s why I’m launching my own price index', The Guardian, 23rd Jan, accessed 29th Jan 2022, https://www.theguardian.com/society/2022/jan/22/were-pricing-the-poor-out-of-food-in-the-uk-thats-why-im-launching-my-own-price-index
Jack Monroe tweets at: https://twitter.com/BootstrapCook
The video-only version of this episode is at: https://youtu.be/_zLUYS7pBIg
If you have a statistic or a chart you'd like us to talk about contact us.
Email: StatisticallyInsignificantPod@protonmail.ch
Twitter: @StatInsigPod
48 episoder
Manage episode 340967114 series 3394199
We talk about the consumer price index and the wage price index, how the CPI is used to measure inflation, and why these metrics are particularly bad for reflecting the experience of the very poor.
Support the pod on Patreon for bonus episodes, early access, and additional material: https://www.patreon.com/statisticallyinsignificant
References
Australian Bureau of Statistics (2018) '6461.0 - Consumer Price Index: Concepts, Sources and Methods', accessed 30 Jan 2022, https://www.abs.gov.au/ausstats/abs@.nsf/mf/6461.0.
Australian Bureau of Statistics (2021) 'Annual weight update of the CPI and Living Cost Indexes', accessed 30 Jan 2022, https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/annual-weight-update-cpi-and-living-cost-indexes/2021.
Australian Bureau of Statistics (2022) 'Consumer Price Index, Australia methodology', accessed 30 Jan 2022, https://www.abs.gov.au/methodologies/consumer-price-index-australia-methodology/dec-2021.
COVID-19 in Australia (2022) https://www.covid19data.com.au/ Website accessed 20th Feb 2022.
Flood, A. (2022) 'Terry Pratchett estate backs Jack Monroe's idea for 'Vimes Boots' poverty index', The Guardian, 27th Jan, accessed 29th Jan 2022, https://www.theguardian.com/books/2022/jan/26/terry-pratchett-jack-monroe-vimes-boots-poverty-index
Hamilton, S. (2022) tweet: https://twitter.com/SHamiltonian/status/1490458920019959812
Monroe, J. (2022) 'We’re pricing the poor out of food in the UK – that’s why I’m launching my own price index', The Guardian, 23rd Jan, accessed 29th Jan 2022, https://www.theguardian.com/society/2022/jan/22/were-pricing-the-poor-out-of-food-in-the-uk-thats-why-im-launching-my-own-price-index
Jack Monroe tweets at: https://twitter.com/BootstrapCook
The video-only version of this episode is at: https://youtu.be/_zLUYS7pBIg
If you have a statistic or a chart you'd like us to talk about contact us.
Email: StatisticallyInsignificantPod@protonmail.ch
Twitter: @StatInsigPod
48 episoder
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