US's Consumer Price Index (CPI) of July 2008?

• 63%
  accuracy

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A consumer price index (CPI) is a measure of the average price of consumer goods and services purchased by households. It is one of several price indices calculated by national statistical agencies. The percent change in the CPI is a measure of inflation. The CPI can be used to index (i.e., adjust for the effects of inflation) wages, salaries, pensions, or regulated or contracted prices. The CPI is, along with the population census and the National Income and Product Accounts, one of the most closely watched national economic statistics.

Consumer prices in June 2008 rose by the biggest amount since 2005 on a continued surge in gasoline prices. Meanwhile, the consumer price index jumped 1.0% in June, the biggest rise since September 2005, the Labor Department. Excluding food and energy prices, the core CPI rose 0.3%, the biggest increase since January.

Let's predict the CPI for All Urban Consumers (CPI-U) - 12 Months Percent Change. (ref: http://www.bls.gov/cpi/)

Community Prediction in Chance

Community Accuracy:  63%

Top Predictor:   DMMc (100% Accuracy)

(show accuracy distribution▼)

Rank Accuracy A >= 90% B >= 80% C >= 70% D >= 60% E >= 40% F < 40%

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	ZiiValue (chance)	Answer	MyValue (0% to 100% chance)	Possible Outcomes
	6%			< 3%
	12%			3% - 4%
	46%			4% - 5%
	36%			> 5%

STEP 2:  Comment

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