Inflation: Measuring Price Changes

This DataPost tutorial looks at the Fed’s key measure of inflation—the Personal Consumption Expenditures Price Index—including how it relates to the concepts of "core" and "total" inflation in the U.S. economy.

Download the PowerPoint slides (pptx, 287 kb)

Download the presentation slides (pdf, 823 kb)


Williams, John C. 2013. "The Economic Outlook and Monetary Policy: Moving in the Right Direction." Speech presented to the Portland Business Journal CFO of the Year Awards Luncheon, Portland, OR (May 16).

Spiegel, Mark. 2013. FedViews (July 11).

Trehan, Bharat and Oskar Zorilla. 2012. "The Financial Crisis and Inflation Expectations." FRBSF Economic Letter 2012-29 (September 24).

"With the soaring commodity prices, are you worried about higher headline inflation?" Dr. Econ series, FRBSF (April 2011).