In 2009, for the first time in 54 years, the annual average Consumer Price Index dropped from year to year. From 2008 to 2009, the CPI dropped 0.766 index points, for a percentage change of -0.4. Consequently, there was no consumer inflation as measured by the CPI, but instead a slight drop in consumer prices.

The CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It is a widely used measure of inflation of living expenses as experienced by consumers in their day-to-day lives.

The CPI for all urban consumers represents about 87 percent of the total U.S. population. It is based on the expenditures of almost all residents of urban or metropolitan areas, including professionals, the self-employed, the poor, the unemployed, and retired people, as well as urban wage earners and clerical workers. Not included in the CPI are the spending patterns of people living in rural nonmetropolitan areas, farm families, people in the Armed Forces, and those in institutions, such as prisons and mental hospitals.

As we look back over the history of the CPI, there have only been 15 years since 1913 when the annual average CPI decreased from one year to another. Most of those years were during the great depression, when the CPI decreased seven consecutive years from 1927 through 1933.

To learn more about the Consumer Price Index, click here for the U.S. Bureau of Labor Statistics website.

 

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2020 EOC Speakers/Topics

Speakers/Topics

The novel coronavirus has created a long-shadow of uncertainty. Join over 750 business and community leaders either by webcast or in person to gain insight on how to plan for growth into 2021.

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41st ANNUAL KANSAS
ECONOMIC OUTLOOK CONFERENCE

Thursday, October 8, 2020 
from 7:30-11:30 AM


Century II Convention Center

225 W Douglas Ave, Wichita, KS 67202


("Early Bird" networking at 6:45 AM and breakfast served at 7:30 AM)

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NATIONAL ECONOMY

ESTHER GEORGE

President/CEO
Federal Reserve Bank of Kansas City
STATE AND LOCAL EMPLOYMENT FORECAST

JEREMY HILL

Director
Center for Economic Development and Business Research
Wichita State University
HEALTHCARE

ROBERT ST. PETER

President/CEO
Kansas Health Institute
SMALL BUSINESS ECONOMIC UPDATE

PATRICK DELEHANTY

Director of Economic Research
U.S. Small Business Adminstration Office of Advocacy
 
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  • Flex Registration means all attendees will be automatically registered for the event in both the in-person and webinar formats.
  • Early Registration $150 
    ($185 after September 10th)
  • Bring your team. Tables of 10 seats are available, and will receive preferred seating. 
     
  • MORE INFORMATION AT
    EOC2020.CEDBR.org

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Special Thanks to:

 -PRESENTING SPONSORS-

   
 

      

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- ELITE SPONSORS - 

 

 


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- FORECAST SPONSOR -

 

Included in the price of the conference is a one-year subscription
to the CEDBR forecast booklets ($100 value), which are in-depth
publications and reference guides on regional and statewide
economic conditions in Kansas: 


  The Kansas Economic Trends, published in October, includes the state-wide Economic Conditions survey results, Kansas Industry news and Developments, and indicators for seven regions of the state along with the largest 25 counties.    

 
     
  The Kansas Economic Review, published in February, provides an in-depth analysis of three key segments of the state economy: households, industries, and governments.  Each segment takes a broader view in how it is interconnected with current economic conditions.   

 

 
Presented by the Center for Economic Development and Business Research
Phone: (316) 978-3225
www.cedbr.org