Wednesday, December 30, 2009

Why was the price of crude oil taken from the pricing index.?

cause and effectWhy was the price of crude oil taken from the pricing index.?
Which index?


I don't think crude oil is in the consumer price index, I don't many consumers buying crude oil. But gasoline is in the consumer price index. There is also a stat called core consumer price index which excludes gasoline and food prices, as they are very volitile, and it is sometimes useful to look at where prices are going w/o these two wildly changing groups included.
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