How to calculate the Inflation rate using the CPI series

How to calculate the Inflation rate using the CPI series in Stata

In this hands-on tutorial in Stata, I teach you how to calculate the 12-month inflation rate change and the 1-month inflation rate change using the Consumer Price Index (CPI) for the USA. I also teach you how to plot the two series together and make it look professional.

In the tutorial, I cover the commands to generate lagged variables, to produce inflation rate changes, and also to round numbers. Normally, Stata produces too many decimals. Using the "round" function, you can decide how many decimals to include in the series.

For this real hands-on example, we replicate the results provided by the "US Inflation Calculator" website, which comes in handy to see the data clean and in an easy-to-navigate website.

The link is: https://www.usinflationcalculator.com...

The US CPI is published by the US Bureau of Labor Statistics and can be located here: https://www.bls.gov/home.htm

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👉🏻 In this video I cover:

0:00 Introduction
4:30 Generate 12 Month Inflation
7:50 Generate 1 Month Inflation
10:00 Produce The Graph
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