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Random article: Consumer price index
Consumer price index is the index measuring an average change of the price for goods (44%) and services (56%) of consumer basket of goods. It is major tool for estimation cost of life and one of major indicators of inflation level in the country. Besides, the index is used for price adjustment in other economic indicators of the state such as GDP. One more function of CPI – regulation of social benefits level. CPI is published for the previous month by the Department of Labor, Bureau of Labor Statistics at 08:30 a.m EST (New York) or 4:30 p.m (MSK).
Popular article: Chaikin Oscillator
It is commonly known that the concept of Accumulation /Distribution indicator is contained in the theory stating that force of pressure of purchasers or vendors can be calculated in relation to Close price to High and Low of a respective time period. In other words, it can be stated that when price closes in the upper half of trade range (distance between High and Low), purchasers dominate on the market, or when price closes in the bottom half of trade range, there is a pressure from the side of vendors.
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