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Housing Consumer Index Form

Housing Consumer Index Form

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Instructions and help about nhbrc housing consumer index hc001 v2

- [Narrator] Plane tickets, gasoline, groceries. Inflation has hit the US hard. In 2022, the consumer price index rose at its fastest pace in more than four decades. - So the CPI, as it's more commonly known, is pretty much the most closely watched indicator of inflation in the US, and consequently, the world. - [Narrator] The consumer price index estimates the change in prices for a basket of goods and services that represents the average household spending. Calculations made from that basket are used to make decisions that affect Americans all over the country. Decisions about adjusting tax brackets and benefits like Social Security and food stamps. And it's one of the indexes watched by officials at the Federal Reserve. - Against the backdrop of the rapidly evolving economic environment, our policy has been adapting and it will continue to do so. - [Narrator] But how is this basket selected and used to calculate the CPI? And when shaping policy decisions, why does the Fed pay the m

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