What is the Consumer Price Index?

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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.

5 min read

Dan Bucherer
#consumer price index#CPI#economy

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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Inflation is more than something you hear on the news—it affects you every day in so many ways. The sooner you learn about it, the better.

#inflation

#inflation rate

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