CPI in the United States
The importance of the CPI
What is the CPI?
The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed basket of goods and services purchased by U.S. consumers. The CPI is widely used to measure inflation.
How is the CPI calculated?
The CPI is calculated by comparing the prices of a fixed basket of goods and services to their prices in a base period. The items included in the basket are chosen to represent the typical purchases of U.S. consumers.
Who uses the CPI?
The CPI is used by economists, businesses, and consumers to track inflation. It is also used by the US government to adjust Social Security benefits.
CPI data
Current CPI
The current CPI is 31353.
Historical CPI
You can find historical CPI data here: CPI data
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