To calculate the annual CPI, the BLS divides the current value of a specific basket of goods compared to one year ago: The basket of goods and services used in the CPI calculation is a composite ...

While inflation has cooled since 2022, the CPI rose 2.9% from Dec. 2023 to Dec. 2024. Not all prices rise at the same rate – some sectors of the economy are seeing minimal inflation or even ...

Many different expenses serve as components of the CPI. As a result, the market basket that is used to calculate this key economic indicator consists of a wide range of costs that consumers incur ...

Can a country’s score in the latest CPI be compared with last year? Yes. As part of the update to the methodology used to calculate the CPI in 2012, we established the new scale of 0-100. Each country ...

The Consumer Price Index “is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services,” according to the Bureau of ...

Tens of millions of Americans rely on Social Security benefits for a substantial portion of their retirement income. Not only ...

The non-partisan advocacy group The Senior Citizens League predicts the 2026 COLA will be 2.1%, based on data from the Bureau ...

The discrepancy is because the cost of rent and medical expenses are not used to calculate the consumer price index, from ...

The Price Kaleidoscope shows you the price trend and the weights of various product groups in the consumer price index. You can use this calculator to show the price development while weighting the ...