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What is the Consumer Price Index?
Rounding it up
The Consumer Price Index (CPI) is a measure of the cost of a virtual basket of goods expressed as a percentage when compared to the same time in the previous year.
The CPI helps the government determine if they are meeting their inflation goals.
By understanding how CPI works, you can see how the economy is fairing and get an advanced look at if the prices for goods will fundamentally change soon.
Dan Bucherer
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.
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