man/minneapolisfed_cpi.Rd

% Generated by roxygen2: do not edit by hand
% Please edit documentation in R/minneapolisfed_cpi.R
\docType{data}
\name{minneapolisfed_cpi}
\alias{minneapolisfed_cpi}
\title{Consumer Price Index, 1800-2024}
\format{
A data frame with 225 observations of 3 variables.
}
\usage{
minneapolisfed_cpi
}
\description{
This dataset contains historic consumer price index (CPI) data
including estimates before the modern U.S. CPI, retrieved from
the Federal Reserve Bank of Minneapolis.
}
\details{
These details are taken from \url{https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1800-} and edited.

 Official U.S. data go back to 1913 for a consumer price index (CPI) comparable to what the U.S. Bureau of Labor Statistics (BLS) still calculates today.
 The table below reflects the following historical series as initially compiled by the BLS for the Handbook of Labor Statistics, with modern CPI data from 1913 to the present day:

   \itemize{

   \item 1800 to 1851 - Index of Prices Paid by Vermont Farmers for Family Living

   \item 1851 to 1890 - Consumer Price Index by Ethel D. Hoover

   \item 1890 to 1912 - Cost of Living Index by Albert Rees

   \item 1913 to 1977 - Consumer Price Index (CPI)

   \item 1978 to present - Consumer Price Index for all Urban Consumers (CPI-U)

   }

 The dataset uses 1967 as the index (1967=100).
 With the caveat that data before 1913 should be considered estimates
 To find out how much a price in Year 1 would be in Year 2 dollars:

 Year 2 Price = Year 1 Price x (Year 2 CPI/Year 1 CPI)
}
\section{Variables}{


  \itemize{

  \item \code{year}: date of CPI, or estimate of CPI.

  \item \code{annual_average_index}: average annual CPI, or estimate of average annual CPI.

  \item \code{annual_percentage_change}: annual percentage change of the CPI. 

  }
}

\examples{
head(minneapolisfed_cpi)
}
\references{
This data is compiled from the Federal Reserve Bank of Minneapolis:

  \url{https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1800-}
}
\keyword{datasets}