US Core CPI CORECPI Economic
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What is US Core CPI?
US Core CPI, a key inflation gauge, tracks the prices of goods and services excluding volatile food and energy components. This exclusion provides a clearer picture of underlying inflationary pressures in the economy, smoothing out short-term price swings. Economists and policymakers closely monitor Core CPI because it offers a more stable and representative measure of inflation's trajectory. This allows for better assessment of the overall health of the economy and the effectiveness of monetary policy. The calculation involves aggregating price changes from a broad basket of consumer goods and services, with weights assigned based on household spending patterns. An upward trend in Core CPI typically signals rising inflation, which can erode purchasing power and prompt central banks to consider tightening monetary policy, such as raising interest rates, to cool down the economy. Conversely, a declining or stable Core CPI suggests moderating inflation, potentially indicating economic slowdown or successful policy measures.
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