WASHINGTON (AP) — Prices for U.S. consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990.
Pretty sure this is how the S & P or the Dow Jones Industrial Average works too. They just hot swap companies into and out of the index, based on their performance, to arrive at a certain number.
They use the same indexes but are allowed to change the contents that affect each index. If housing went up 30%, remove housing from the index.
Pretty sure this is how the S & P or the Dow Jones Industrial Average works too. They just hot swap companies into and out of the index, based on their performance, to arrive at a certain number.