Consumer Price Index (CPI)

Inflation

Inflation is often a significant component of apparent growth in any series measured in dollars. By adjusting for inflation, you uncover the real growth, if any. You also may stabilize the variance of random or seasonal fluctuations and/or highlight cyclical patterns in the data.

Context

Consumer Price Index (CPI) data is to deflate the time series price data.

Acknowledgements

Data was downloaded from Federal Reserve Economic Data (FRED) website.