Gold price rallies sharply after slightly tamer U.S. CPI  

By Madhupriya December 13,2022 Metalnation.org Image Credit:-Google

What is a CPI meaning?

[{"selector":"#anim-62d3041c-d629-44a4-970f-e02e9e5bc280 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(2.901088056046356%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3a9f25b1-d737-4de5-9b88-7123dacd0a21","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] [{"selector":"#anim-da9b0c6b-45a2-496b-8f1a-e33fea1067cd","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] The Consumer Price Index (CPI) tracks the average change in prices paid by urban consumers for a market basket of consumer goods and services over time. There are indexes available for the United States and various geographic areas. Metalnation.org

[{"selector":"#anim-a6033a19-4830-4bb1-bb1a-1529abe7b6dc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.874999829338595%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c2608a74-e925-4e88-890c-e62ae4efc95c","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] [{"selector":"#anim-8b0dcc59-37fb-44f9-9840-a9468d476a7d","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Prices typically rise over time, but they can also fall (a situation called deflation). The Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households, is the most well-known indicator of inflation. Metalnation.org Is CPI the same as inflation?

What is CPI and how is it calculated?

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Is CPI better high or low?

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[{"selector":"#anim-a80179e0-edae-4911-8fc2-9b4af3178385 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.874999829338595%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a61f68d8-dfad-4273-b639-ee9a6df0dc29","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] [{"selector":"#anim-2984ad67-952b-4041-84f5-38c22aba375c","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] CPI measures that are not seasonally adjusted The Consumer Price Index for All Urban Consumers (CPI-U) increased 7.7 percent in the last year to 298.012 (1982-84=100). Prior to seasonal adjustment, the index rose 0.4 percent for the month. Metalnation.org What is the current CPI for 2022?

[{"selector":"#anim-5fdc2836-0d3f-40ac-8cec-0ca3fbe9ea07 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8815d2b3-0724-4483-90ee-b0d841ef595d","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] [{"selector":"#anim-9db904c3-0093-4a04-ac5b-b60055d7436c","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] The CPI measures the rate of inflation, which is one of the most serious threats to an economy's health. If your income does not keep pace with rising prices, inflation erodes your standard of living—your cost of living rises over time. Inflation can be harmful to the economy. Metalnation.org What happens if the CPI is high?