Graph of the Week 4/16/2012: Relative Importance of Items in the CPI
The CPI was released on April 13.The behavior of the CPI lately has been relatively boring - at least as far as a graph would be concerned. So the Economic Graph of the Week looks at the relative importance of items in the calculations of the CPI as of February 2012, which you can find at http://stats.bls.gov/news.release/cpi.t01.htm
Shelter makes up the largest single chunk. The biggest part of that goes to Owners' equivalent rent of residences, which is 23.8% of the 31%. The commodities portion includes apparel, new vehicles, used cars and trucks, medical care commodities, alcoholic beverages and tobacco. The food portion is split between 8.6% for food at home, and 5.6% for food away from home.
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