Wednesday, February 27, 2008

Bexley radio station WCRX-LP, 102.1 FM launches the Bexley Consumer Price Index (Bexley CPI).

Laura Franks presented the premier Bexley Consumer Price Index report for the first quarter, 2008.

The Bexley CPI reports the aggregate of the prices of a uniform market basket of merchandise purchased at retail in Bexley, Ohio. The report also includes quarter to quarter changes in the retail prices of the standard market basket.

The Bexley CPI can be compared to the changes reported for other goods and services reported by the Bureau of Statistics, U.S. Department of Labor.

As of the first quarter, 2008 compared to the fourth quarter, 2007, Bexley retail prices showed a slight decline. The statistical measurement of this slight decline is 0.62 percent or a little less than two-thirds of one percent.

This slight decline is attributable to the reduction in the shelf price of a single item.

The price of a second item in effect was also reduced in the first quarter, 2008 although the effective price change did not change the aggregate price of the Bexley market basket. This second item was on sale during the fourth quarter, 2007. During the first quarter, 2008 the shelf price of this second item was reduced to the same level as the coupon price of the prior quarter.

Because two items showed reduction in shelf price, the Bexley CPI is treating retail Bexley prices as showing a slight downward movement.

Contact us.
WCRX-LP Editorial Collective
Bexley Public Radio Foundation operating as
WCRX-LP, 102.1 FM, Local Power Radio
2700 E. Main St., Suite 208
Columbus, OH 43209
Voice (614) 235 2929
Fax (614) 235 3008

Copyright 2008. All rights reserved. Bexley Public Radio Foundation.

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