To calculate the annual CPI, the BLS divides the current value of a specific basket of goods compared ... assuming current market prices are appreciating. Then, the BLS uses the current year's ...

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 ...

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 ...