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The cost of tuition went DOWN? LOL
They add a what? $1 a pack tax on tobacco last year and the CPIW says the price of tobacco products went down?
I was reading up on the SS adjustments and the CPI-W after my last post. You are correct that they have numbers plugged in there but I'm having a real hard time accepting those numbers. For example, NO change in medical costs? Only 3% in gasoline? Gas is up a LOT more than that in the last year...
The cost of tuition went DOWN? LOL
They add a what? $1 a pack tax on tobacco last year and the CPIW says the price of tobacco products went down?
Just to respond to your post, and admittedly without looking at the numbers, but it would seem logical to me that they don't include the cost of taxes in the CPI. As far as tuition, I could see TUITION going down even if the total cost of school goes up (fees, etc.).The cost of tuition went DOWN? LOL
They add a what? $1 a pack tax on tobacco last year and the CPIW says the price of tobacco products went down?
Um, what? I read that data to show a 4 percent increase from last year.The cost of tuition went DOWN? LOL
They add a what? $1 a pack tax on tobacco last year and the CPIW says the price of tobacco products went down?
Ok, took a quick look at the numbers and in response to the person who said that gas went up more than they claimed, just think, last dec. the average gas price was $2.60 and the current average is 2.85 that is an increase of only 5.8% in the last year. (consumer reports for the former figure, AAA for the latter. The CPI summary said 4.6% in the last month I believe it was)
I saw no support or anything to condemn my claim that tax isn't included in CPI calculations.
As far as tuition goes, it shows that it only went down by 2 tenths of a percent. Then in the CPI-W it shows a different effect (i.e. it went up). (this info was in the CPI news release).
I know about the CPI but the CPI Scott linked shows a 4 percent increase in tuition over the past year and I trust Scott to know about economics more than anyone else in this forum.
There are several different figures, I just searched "tuition" on the pdf and looked at each of them.
Sorry, looked at the wrong figure, the -.2% seems to be only over a one month period. I meant to be looking one column over. Yes, except for a few short periods of time, tuition is up.
Manny, are you looking at the CPI-W (table 4?) If so, I think you are reading it wrong. It shows ALL education expenses going down, not up...you are reading the wrong column.
http://bls.gov/news.release/cpi.t04.htm
it shows a 1.0 percent increase over the past year for all education and 3.9 for tuition and fees. I'm not sure what you're looking at.
It might show monthly decreases in tuition by a tenth of a percent but that pretty much means , IMO.
You are looking at 2009, not 2010. Check again.
I'm looking at the change from 2009 to 2010.
All the "education" related numbers in the 2010 column are negative. Look at it again.
*correction*
books and supplies is +.1
All other items including tuition, school fees, and childcare are negative.
They're negative by tenths of a percent because prices fluctuate throughout the year (especially for books and supplies which are very much dependent on inventories) which is why I'm not interested in them. Its not even a dramatic fluctuation but tenths of a percent where if you look at the change over the past year you see increases. As I said I know about this but this all seems pretty much like common sense to me.
The comparison was from October 2009 to September 2010. The CPI-W says the price of education went down.
Did your education expenses go down this year?
You're completely misreading the chart. The column with Oct 2009 is the change from Oct 2009 to Oct 2010. The Column headed with Sept 2010 is from Sept 2010 to Oct 2010.
Oops...you are correct. Virtually everything went up. So why didn't the people on Social Security get a COLA?
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