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Tag Archives: Consumer Price Index (CPI)

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Solid Coding using ‘Natural’ Intelligence Suggests Always Start with FRED – What the Function

Biomass Rules Posted on June 5, 2025 by Mark JennerJune 5, 2025

This final lesson on shaping data in Excel is brought to you by the St. Louis Federal Reserve Bank, Federal Reserve Economic Data (FRED) website.  Reviewing the YouTube videos created for this data-shaping exercise, the 4 videos span 45 total … Continue reading →

Posted in analytics, economics, education, macro, policy, science, What the Function | Tagged $ sign anchors, be fierce, be passionate, be smart, Consumer Price Index (CPI), download data, Federal Reserve Economic Data (FRED), INDEX/MATCH(), LEFT(), month, rapid data download, ready-to-use time-series data, RIGHT(), solid coding 'natural' intelligence suggests always start with FRED, St. Louis Federal Reserve Bank, text vs numeric dates, TEXT(), VLOOKUP(), what the function | Leave a reply

Excel Data Shaping Fundamentals VLOOKUP() – What the Function

Biomass Rules Posted on June 3, 2025 by Mark JennerJune 3, 2025

A traditional way of shaping data in Excel is by using the VLOOKUP() function.  After identifying the item to look up and the array in which to search for it, a range is identified where the new information can be … Continue reading →

Posted in analytics, economics, education, policy, science, What the Function | Tagged autofill dates, Bureau of Labor and Statistics (BLS), Consumer Price Index (CPI), data transpose, End-arrow keystroke, Excel data shaping fundamentals, HLOOKUP(), INDEX/MATCH(), manual drag and drop, month, numeric date, reshaping data, spot check new values with original, text dates, TEXT(), VLOOKUP(), what the function, XLOOKUP() | Leave a reply

Excel Data Shaping Fundamentals Index/Match – What the Function

Biomass Rules Posted on May 30, 2025 by Mark JennerMay 30, 2025

One of the most powerful Excel function tools is the INDEX/MATCH() combination.  It can be set to find specific character strings and deliver the cell contents at the intersection of the row and column string matches. This is the third … Continue reading →

Posted in analytics, economics, education, policy, science, What the Function | Tagged $ sign anchors, Bureau of Labor and Statistics (BLS), Consumer Price Index (CPI), cut and paste, date autofill, Excel data shaping fundamentals, index, INDEX/MATCH(), LEFT(), MATCH(), numeric dates, RIGHT(), shaping data, text dates, VLOOKUP(), what the function, YOUTUBE companion video | Leave a reply

Excel Data Shaping Fundamentals Cut and Paste – What the Function

Biomass Rules Posted on May 27, 2025 by Mark JennerMay 27, 2025

When cleaning data files in Excel, one never moves away from manually pushing data around.  Manually entering data by hand, sorting, and/or dragging and dropping in a new location; they all take time.  But for small amounts of data, a … Continue reading →

Posted in analytics, economics, education, policy, science, What the Function | Tagged Bureau of Labor and Statistics (BLS), Consumer Price Index (CPI), data validation, drag green square in highlighted range, drop and drag, Excel data shaping fundamentals cut and paste, fill dates, first 3 consecutive values, INDEX/MATCH(), insert sheet, paste special, short cuts work until they don’t, small datasets, transpose, what the function | Leave a reply

Excel Data Shaping Fundamentals File Prep – What the Function

Biomass Rules Posted on May 22, 2025 by Mark JennerMay 26, 2025

The last few months have provided opportunity to flex my spreadsheet skillset.  Excel code and technique seemed to erupt through the keyboard.  In the last few months, diverse datasets have included: 2024 household food expenditures 2024 household power consumption and … Continue reading →

Posted in analytics, definition, economics, macro, policy, science, What the Function | Tagged Bureau of Labor and Statistics (BLS), clean data, Consumer Price Index (CPI), CPI-U, cut and pasting, download file, empowering data skills for skeptics, Excel data shaping fundamentals, file prep, INDEX/MATCH() function, US City Average not seasonally adjusted, VLOOKUP() function, what the function | Leave a reply

Comparing Micro Household Food Costs to Macro CPI Food, Food Price Fun

Biomass Rules Posted on April 9, 2025 by Mark JennerApril 9, 2025

The Bureau of Labor and Statistics (BLS) Consumer Price Index (CPI) carries significant weight in the flow of decisions and confidence in the US economy. Does the CPI mirror authentic food purchases?  YES! Are household food expenditures and the Food … Continue reading →

Posted in analytics, economics, education, firm, Food Price Fun, macro, policy, science | Tagged Bureau of Labor and Statistics (BLS), buying in bulk, commercial center competition, comparing micro household food costs to macro CPI Food, Consumer Price Index (CPI), consumer purchasing power, CPI is average prices, food, food inflation, food price fun, food-at-home, food-away-from-home, generic brands, grocery food, household food differs, individual household food, macroeconomic, microeconomic, restaurant food | Leave a reply

Processed Food Grain Purchases for 2024 in Rural Illinois – Food Price Fun

Biomass Rules Posted on March 24, 2025 by Mark JennerMarch 24, 2025

Food Price Fun compares the theory of food prices to practices of buying food.  On the one hand the Bureau of Labor and Statistics (BLS) Consumer Price Index (CPI) food prices provide the benchmark for the macroeconomy of food.  But … Continue reading →

Posted in analytics, economics, firm, Food Price Fun, macro, science | Tagged 2024, branded, competition, Consumer Price Index (CPI), food price, food price fun, generic, macroeconomic, microeconomic, processed food grain purchases, processed food grain purchases for 2024 in rural Illinois, processed grain, remoteness, rural Illinois, rural prices, store brand, urban prices | Leave a reply

Eggs at $5 per Dozen are Still Good Value

Biomass Rules Posted on February 19, 2025 by Mark JennerFebruary 19, 2025

The price of eggs reported by the Bureau of Labor and Statistics used in the January Consumer Price Index (CPI), was $4.95 per dozen.  In many places it is higher than this.  In the Midwest if you know where to … Continue reading →

Posted in economics, farm, macro, science | Tagged $5 per dozen, bacon, bird flu, Bureau of Labor and Statistics (BLS), chicken, coffee, Consumer Price Index (CPI), eggs, eggs at $5 per dozen are still good value, good value, ground beef, shell adjusted price | Leave a reply

Making Sen$e of the Calculus of Food Price Increases

Biomass Rules Posted on January 30, 2025 by Mark JennerJanuary 30, 2025

Food price inflation is still in the news. Eggs have become a national security issue. Well, one would think so from the news. Mostly, the egg-laying chickens are sick and dying. But once we get beyond this egg-industry crisis, we … Continue reading →

Posted in analytics, economics, firm, macro, Real Adventures in Economics, science | Tagged American Farm Bureau Federation (AFBF), calculus, Consumer Price Index (CPI), egg price increases, first derivative, food inflation, food price increases, food prices, like zooming in on an elephant, low supply of eggs, magnification of price change, making sense of the calculus of food price increases, second derivative, Thanksgiving Meal Survey | Leave a reply

Buckle Up for the 40-Year Cycle of Year-End Food Price Rhythm

Biomass Rules Posted on January 22, 2025 by Mark JennerJanuary 22, 2025

In a January 21, LinkedIn post about a 1/19/25 Wall Street Journal Article on food prices rising in December, it was speculated that it is traditional food eating month.  If prices were going to rise in an annual cycle, December … Continue reading →

Posted in analytics, economics, macro, Real Adventures in Economics, science | Tagged 40-year cycle, BLS Data Viewer, buckle up for the 40-year cycle of year-end food price rhythm, Bureau of Labor and Statistics (BLS), Consumer Price Index (CPI), CUUR0000SAF series, December increase, food and beverage index, food price rhythm, January increase, November decrease, stable cycle, Wall Street Journal (WSJ), year-end | Leave a reply

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Mark Jenner, PhD
Biomass Rules
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Mission Statement:
Providing solutions through the strategic utilization of all kinds of biomass; the development of new markets for food, fiber, and fuels; and streamlining regulations.

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ˈbī-ō-ˌmas. noun. 1 : the unit area or volume of living matter, 2 : plant materials and animal waste used as renewable feedstocks into new processes.

rules:
'rül. 1: noun. 1 : regulations, bylaws or governing procedure, 2: verb. a : to exert control, direction, or influence on, b : to declare authoritatively.

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