The first is used to determine the current cost of the weighted average basket of products, while the second is used to analyze the year-over-year (YOY) change. To calculate the annual CPI ...

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 ...

Some experts argue that the government should consider alternative data to calculate the COLA. There is even a CPI subset, known as the CPI-E, which tracks a basket of goods more representative of ...

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 ...