Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It ...

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Peter Westfall is a distinguished professor of information ...

Because the PCE and CPI differ in their formula, weighting, scope and other effects, their results are different. The Federal Reserve prefers to use the PCE price index to measure inflation.

Understand the purpose of market escalation contracts and learn how the Consumer Price Index (CPI) is often used to make periodic contract price adjustments.