The Current Price (CP) Series explained
Current Price Series, also known as nominal price series or "money" series, are economic data that are not adjusted for the effects of inflation. These series reflect the prices that are actually paid for goods and services in a particular period, and are typically measured in monetary units such as dollars or pounds. Current price series are the opposite of constant price or "real" series, which are adjusted for the effects of inflation in order to facilitate comparison over time. While constant price series allow us to compare the "real" or inflation-adjusted value of economic data, current price series provide a measure of the nominal or "money" value of the data. Current price series are useful for understanding the actual prices that are being paid for goods and services in a particular period, as well as the overall level of economic activity in an economy. However, they can be less useful for comparing data over time, as they do not take i...