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Consumer Price Index

Published: September 11, 2024
Key Metrics
Definition of Consumer Price Index

The consumer price index is used as a measure of inflation from year to year. This report focuses on the headline inflation rate for all urban consumers, which is measured using the changes in price for a predefined “basket of goods and services.” The basket includes food, beverages, housing, energy, clothing, transportation, medical care, recreation, education, communication and other expenses, such as haircuts, funeral expenses and tobacco. The index is anchored at a value of 100 between 1982 and 1984. Data for this report is sourced from the Bureau of Labor Statistics (BLS).

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