Digging on on Consumer Price Index numbers

U.S. consumer price index rose 0.6% in March vs 0.5% increase expected

What Is the Consumer Price Index?

CPI Inflation Slows To 4.9% In April, Fueling Market Hopes Of Fed Rate Pause In June - LIVE REACTION

The monthly market basket for consumers consists of pizza, t-shirts, and rent. The table below shows the market basket quantities and prices for the base year (Year 1) and in the following two years.Product Base Year (Year 1) Price Quantity Price in Base Year Price in Year 2 Price in Year 3Pizza 2.00 520.00 2.5025.00T-Shirts 2.70 513.50 2.0010.00Rent 18.00 590.00 21.00105.00The inflation rate between Year 1 and Year 2 is 25.0%. The inflation rate between Year 2 and Year 3 is 5.0%.

What can we learn from the Consumer Price Index as inflation rockets?

Chained Consumer Price Index For All Urban Consumers (C-CPI-U)

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