CPI calculation to be revised for January price data ...Middle East

The calculation for the consumer price index (CPI) is going to be updated for January price data, which is scheduled to be released Tuesday morning by the Labor Department. The new calculation will put more importance on the housing sector and less on used cars and will include some methodological changes that could push the headline number higher than economists had been expecting after a year of rapid price changes. A segment of the CPI called "owners' equivalent rent" will now account for more than a quarter of the total calculation, while housing overall will account for more than 44 percent. Used car prices have been lowered in importance after a year in which wholesale and ret

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