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Summary: 1/6
Chapter 6. Variable interest rates and portfolio insurance.
Manual for SOA Exam FM/CAS Exam 2.
Chapter 6. Variable interest rates and portfolio insurance.
Section 6.1. Inflation.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for the SOA Exam FM/CAS Exam 2,
Financial Mathematics. Fall 2009 Edition",
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam FM/CAS Exam 2.
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Chapter 6. Variable interest rates and portfolio insurance. Section 6.1. Inflation.
Inflation
Inflation is the fall in the purchasing power of money over time. It
is usually measured with reference to an index representing the
cost of certain goods and services. One the most frequently used
index is the consumer index price. The consumer index price is
released by the Bureau of Labor Statistics monthly. The Bureau of
Labor Statistics finds the consumer index price by averaging the
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