Methodological reference; no current numerical release

Research question

Which inflation series is appropriate for a short-term comparison?

Source context

BLS provides adjusted and unadjusted CPI series. Seasonal adjustment addresses recurring seasonal effects; seasonal factors are revised.

Data context

Record the series, adjustment basis and release vintage alongside every observation.

Interpretation

Do not splice seasonally adjusted and unadjusted observations into one growth calculation.

What to monitor

When a historical result changes, check whether the underlying series or seasonal factors were revised.

Limitations

Seasonal adjustment does not remove all economic noise. This note contains no current inflation number.

Sources & dates

Methodology protocol ↗SMS research updates ↗