By Doug Short (Guest Post)
The August 2011 Consumer Price Index for Urban Consumers (CPI-U) released on Thursday puts the July year-over-year inflation rate at 3.63%, which is fractionally below the 3.96% average since the end of World War II.For better understanding of how CPI is measured and how it impacts your household, see my Inside Look at CPI components. The Bureau of Labor Statistics (BLS) has compiled CPI data since 1913 (BLS historic data). Our chart now shows inflation back to 1872 by adding Warren and Pearson’s price index for the earlier years. The spliced series is…
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