|
Lehigh Valley Consumer Price Index (LV CPI)
Lehigh Valley Consumer Price Index (LV CPI). has been in operation since 1984, the LV CPI project is a quarterly survey of the prices of a group of some 2,500 items. The Consumer Price Office at the Bureau of Labor Statistics (Washington, DC) selects these items to be the basic items on which the average urban dweller spends his budget. They include a variety of food items, shelter costs, transportation costs, medical costs, entertainment costs, and personal care costs. The center has selected local points of purchase and has established a cooperative understanding with local merchants to provide information on prices. The Center reports a weighted average of the change in price of these items as the inflation rate for the Lehigh Valley. Historically, the community has accepted the LV CPI as the standard for the Lehigh Valley and the local media have reported the results of the survey on a regular basis. The rate of inflation in our area has proven to be significantly different from that of the Philadelphia area and the national average. This makes the LV CPI the only true inflation gauge for the Lehigh Valley. Click here for a more detaited LV CPI report."Inflation of your very own, Calculate your household's personal consumer price index" © Copyright Kamran Afshar Associates, Inc. All Rights Reserved.
|