A number of BLS colleagues and I recently participated in a lively conference held by the Federal Reserve Bank of Cleveland on Inflation, Monetary Policy, and the Public. The conference included distinguished business leaders, policymakers, and academic researchers, who discussed such topics as the forces driving inflation rates and expectations, policy approaches across different economies and perspectives, the outlook for inflation, and the measurement of inflation. BLS is the principal federal agency charged with measuring price changes in the economy, so the conference theme was highly relevant for us.
I gave a talk describing how the Consumer Price Index is constructed. I invite you to see a video of my presentation, Measuring Inflation Accurately and Effectively, in the session that begins around the 36-minute mark of the video.