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Consumer Prices

Value
of the CPI-W
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Base
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1967=100
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1982-84=100
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April 2000
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500.1
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167.9
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March 2000
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499.7
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167.8
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February 2000
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495.6
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166.4
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Source: Bureau of Labor Statistics
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Consensus inflation forecast
May 2000
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Average
annual rate
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Implies
CPI-W in
last quarter of year
will average...
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1967=100
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1982-84=100
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2000
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3.0%
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505.9
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169.9
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2001
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2.5%
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518.6
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174.1
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The Consensus Forecast is based on
a survey of prominent economic and financial forecasters. The forecast
covers the CPI for all urban consumers (CPI-U), rather than the
CPI-W used in UAW COLA clauses. However, changes in the CPI-U and
CPI-W track one another closely.
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Highlights for April
• Inflation moderated in April, after spiking
in March. The CPI-W rose a total of 3.2 percent over the 12 months ending
in April.
• Energy costs fell, holding down the overall
increase in the CPI. The special index that tracks energy costs dropped
2.4 percent for the month. Transportation costs (of which fuel is an important
component) were also down.
• New vehicle prices, after adjusting for
quality improvements, have barely budged over the past year. That component
of the CPI is up just 0.1 percent from its April 1999 level
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Statistics in
Brief
High Performance
Work Systems
Productivity
and Growth
Executive
Compensation
Employment in
Major UAW Industries
Employment Situation
U.S. Light
Vehicle Sales
Consumer Prices
International
Trade
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