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Expenditure survey data gaps affect Consumer Price Index, Ben Casselman notes

Expenditure survey data gaps affect Consumer Price Index, Ben Casselman notes
Missing data creates CPI calculation risk

Ben Casselman, industry influencer, reports that missing data from the expenditure survey could pose significant challenges for calculating the Consumer Price Index. This survey determines the spending weights for various items such as apples and bread.

According to Casselman, the Bureau of Labor Statistics has convened expert panels to provide guidance on how to address the missing information.

Casselman recently reported that U.S. real income excluding transfer payments fell 0.4% in February, with data showing a negative three-month trend here. In March, he noted that energy prices increased nearly 11 percent, with gasoline surging over 20 percent here. These developments have contributed to rising inflation pressures.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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