Weekly Roundup: From Potato Chips to Pregnancy

Our Posts Roundup  Sunday 12.07.14 Innovative potato stories…more    Monday 12.08.14 The pregnant UPS lady who sued her boss…more    Tuesday 12.09.14 Measuring inflation can be tough…more    Wednesday 12.10.14 Why Congress creates economic uncertainty…more    Thursday 12.11.14 The ways that…

Expanding How We Measure Inflation

Our CPI measure of the inflation rate has been debated because it could be calculated using a chained CPU, could be real time, and excludes some seniors.

Inflation: What A Billion Prices Tell Us

Every year, my class meets Harriet Shaw through a PBS NewsHour broadcast from 1991. An economic assistant for the Bureau of Labor Statistics (BLS), she is a professional shopper who tracks prices. In the newscast, we follow her up and down store aisles until…

The CPI: Social Security COLAs

Our story starts with Ida Mae Fuller. At 65, in 1940, Ms. Fuller got the first US monthly Social Security retirement check for $22.54. In 1941, she got $22.54 each month. In 1942, 1943, and 1944 she still got her…