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Source: S&P Dow Jones Indices LLC  

Release: S&P CoreLogic Case-Shiller Home Price Indices  

Units:  Index Jan 2000=100, Seasonally Adjusted

Frequency:  Monthly

Notes:

For more information regarding the index, please visit Standard & Poor's.

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Suggested Citation:

S&P Dow Jones Indices LLC, S&P CoreLogic Case-Shiller MI-Detroit Home Price Index [DEXRSA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DEXRSA, .

Source: U.S. Bureau of Labor Statistics  

Release: Consumer Price Index  

Units:  Index 1982-1984=100, Seasonally Adjusted

Frequency:  Monthly

Notes:

The Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL) is a price index of a basket of goods and services paid by urban consumers. Percent changes in the price index measure the inflation rate between any two time periods. The most common inflation metric is the percent change from one year ago. It can also represent the buying habits of urban consumers. This particular index includes roughly 88 percent of the total population, accounting for wage earners, clerical workers, technical workers, self-employed, short-term workers, unemployed, retirees, and those not in the labor force.

The CPIs are based on prices for food, clothing, shelter, and fuels; transportation fares; service fees (e.g., water and sewer service); and sales taxes. Prices are collected monthly from about 4,000 housing units and approximately 26,000 retail establishments across 87 urban areas. To calculate the index, price changes are averaged with weights representing their importance in the spending of the particular group. The index measures price changes (as a percent change) from a predetermined reference date. In addition to the original unadjusted index distributed, the Bureau of Labor Statistics also releases a seasonally adjusted index. The unadjusted series reflects all factors that may influence a change in prices. However, it can be very useful to look at the seasonally adjusted CPI, which removes the effects of seasonal changes, such as weather, school year, production cycles, and holidays.

The CPI can be used to recognize periods of inflation and deflation. Significant increases in the CPI within a short time frame might indicate a period of inflation, and significant decreases in CPI within a short time frame might indicate a period of deflation. However, because the CPI includes volatile food and oil prices, it might not be a reliable measure of inflationary and deflationary periods. For a more accurate detection, the core CPI (CPILFESL) is often used. When using the CPI, please note that it is not applicable to all consumers and should not be used to determine relative living costs. Additionally, the CPI is a statistical measure vulnerable to sampling error since it is based on a sample of prices and not the complete average.

For more information on the consumer price indexes, see:
Bureau of Economic Analysis. "CPI Detailed Report." 2013.
Handbook of Methods
Understanding the CPI: Frequently Asked Questions

Suggested Citation:

U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [CPIAUCSL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPIAUCSL, .

Source: U.S. Census Bureau  

Release: Annual Estimates of the Population for Counties  

Units:  Thousands of Persons, Not Seasonally Adjusted

Frequency:  Annual

Notes:

Data for "Resident Population" are estimates as of July 1. Data for 1970, 1980, 1990, and 2000 are annual census.

Population estimates are updated annually using current data on births, deaths, and migration to calculate population change since the most recent decennial census. The annual time series of estimates begins with the most recent decennial census data and extends to the vintage year. Each vintage of estimates includes all years since the most recent decennial census.

Suggested Citation:

U.S. Census Bureau, Resident Population in Wayne County, MI [MIWAYN3POP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MIWAYN3POP, .

RELEASE TABLES

Annual Estimates of the Population for Counties
Consumer Price Index
S&P CoreLogic Case-Shiller Home Price Indices

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