78 datasets found
  1. U.S. projected Consumer Price Index 2010-2029

    • statista.com
    Updated Aug 21, 2024
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    Statista (2024). U.S. projected Consumer Price Index 2010-2029 [Dataset]. https://www.statista.com/statistics/244993/projected-consumer-price-index-in-the-united-states/
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    Dataset updated
    Aug 21, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2023, the U.S. Consumer Price Index was 309.42, and is projected to increase to 352.27 by 2029. The base period was 1982-84. The monthly CPI for all urban consumers in the U.S. can be accessed here. After a time of high inflation, the U.S. inflation rateis projected fall to two percent by 2027. United States Consumer Price Index ForecastIt is projected that the CPI will continue to rise year over year, reaching 325.6 in 2027. The Consumer Price Index of all urban consumers in previous years was lower, and has risen every year since 1992, except in 2009, when the CPI went from 215.30 in 2008 to 214.54 in 2009. The monthly unadjusted Consumer Price Index was 296.17 for the month of August in 2022. The U.S. CPI measures changes in the price of consumer goods and services purchased by households and is thought to reflect inflation in the U.S. as well as the health of the economy. The U.S. Bureau of Labor Statistics calculates the CPI and defines it as, "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The BLS records the price of thousands of goods and services month by month. They consider goods and services within eight main categories: food and beverage, housing, apparel, transportation, medical care, recreation, education, and other goods and services. They aggregate the data collected in order to compare how much it would cost a consumer to buy the same market basket of goods and services within one month or one year compared with the previous month or year. Given that the CPI is used to calculate U.S. inflation, the CPI influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security payments, and pensions are all affected by the CPI.

  2. Consumer Price Index (CPI)

    • catalog.data.gov
    • cloud.csiss.gmu.edu
    • +1more
    Updated May 16, 2022
    + more versions
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    Bureau of Labor Statistics (2022). Consumer Price Index (CPI) [Dataset]. https://catalog.data.gov/dataset/consumer-price-index-cpi-ee18b
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    Dataset updated
    May 16, 2022
    Dataset provided by
    Bureau of Labor Statisticshttp://www.bls.gov/
    Description

    The Consumer Price Index (CPI) 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. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available. Prices for the goods and services used to calculate the CPI are collected in 75 urban areas throughout the country and from about 23,000 retail and service establishments. Data on rents are collected from about 43,000 landlords or tenants. More information and details about the data provided can be found at http://www.bls.gov/cpi

  3. U.S. consumer Price Index of all urban consumers 1992-2024

    • statista.com
    Updated Feb 10, 2025
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    Statista (2025). U.S. consumer Price Index of all urban consumers 1992-2024 [Dataset]. https://www.statista.com/statistics/190974/unadjusted-consumer-price-index-of-all-urban-consumers-in-the-us-since-1992/
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    Dataset updated
    Feb 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2024, the consumer price index (CPI) was 315.61. Data represents U.S. city averages. The monthly inflation rate for the United States can be found here. United States urban Consumer Price Index (CPI) The U.S. Consumer Price Index is a measure of change in the price of consumer goods and services purchased by households. The CPI is defined by the United States Bureau of Labor Statistics as "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." To calculate the CPI, the Bureau of Labor Statistics considers the price of goods and services from various categories: housing, transportation, apparel, food & beverage, medical care, recreation, education and other/uncategorized. The CPI is a useful measure, as it indicates how the cost of urban living in the United States has changed over time, compared to a base period. CPI is also used to calculate inflation, or change in the purchasing power of money. According to the U.S. Bureau of Labor Statistics, the U.S. urban CPI has been rising steadily since 1992. As of 2023, the CPI was 304.7, up from 233 ten years earlier and up from 184 twenty years earlier. This indicates the extent to which, compared to a base period 1982-1984 = 100, the price of various goods and services has risen.

  4. C

    Chile CPI: Housing: Hardware: Calculator

    • ceicdata.com
    Updated Jan 15, 2025
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    CEICdata.com (2025). Chile CPI: Housing: Hardware: Calculator [Dataset]. https://www.ceicdata.com/en/chile/consumer-price-index-greater-santiago-dec1998100/cpi-housing-hardware-calculator
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    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2008 - Dec 1, 2008
    Area covered
    Chile
    Variables measured
    Consumer Prices
    Description

    Chile Consumer Price Index (CPI): Housing: Hardware: Calculator data was reported at 24,832.770 1998=100 in Dec 2008. This records an increase from the previous number of 24,608.830 1998=100 for Nov 2008. Chile Consumer Price Index (CPI): Housing: Hardware: Calculator data is updated monthly, averaging 24,642.810 1998=100 from Dec 1998 (Median) to Dec 2008, with 121 observations. The data reached an all-time high of 26,104.340 1998=100 in Mar 2003 and a record low of 23,585.500 1998=100 in Apr 2000. Chile Consumer Price Index (CPI): Housing: Hardware: Calculator data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Chile – Table CL.I014: Consumer Price Index: Greater Santiago: Dec1998=100.

  5. H

    Hungary Inflation, monthly percent change in the CPI, February, 2025 - data,...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Feb 15, 2025
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    Globalen LLC (2025). Hungary Inflation, monthly percent change in the CPI, February, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Hungary/inflation_monthly/
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    xml, csv, excelAvailable download formats
    Dataset updated
    Feb 15, 2025
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 29, 1996 - Feb 28, 2025
    Area covered
    Hungary
    Description

    Inflation, monthly percent change in the CPI in Hungary, February, 2025 The most recent value is 0.73 percent as of February 2025, a decline compared to the previous value of 1.51 percent. Historically, the average for Hungary from February 1996 to February 2025 is 0.51 percent. The minimum of -0.76 percent was recorded in November 2013, while the maximum of 3.78 percent was reached in January 1997. | TheGlobalEconomy.com

  6. Inflation rate in China 2014-2029

    • statista.com
    Updated Jan 9, 2025
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    Statista (2025). Inflation rate in China 2014-2029 [Dataset]. https://www.statista.com/statistics/270338/inflation-rate-in-china/
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    Dataset updated
    Jan 9, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    China
    Description

    According to latest figures published by the National Bureau of Statistics of China, the average annual inflation rate in China ranged at around 0.2 percent in 2024 compared to the previous year. This was lower than formerly expected by the IMF. For 2025, projections by the IMF published in October 2024 expected the inflation rate to reach around 1.7 percent. The monthly inflation rate in China dropped to negative values in the second half of 2023 and remained comparatively low in 2024. Calculation of inflation The inflation rate is calculated based on the Consumer Price Index (CPI) for China. The CPI is computed using a product basket that contains a predefined range of products and services on which the average consumer spends money throughout the year. Included are expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. The product basked is adjusted every five years to reflect changes in consumer preference and has been updated in 2020 for the last time. The inflation rate is then calculated using changes in the CPI. As the inflation of a country is seen as a key economic indicator, it is frequently used for international comparison. China's inflation in comparison Among the main industrialized and emerging economies worldwide, China displayed comparatively low inflation in 2023 and 2024. In previous years, China's inflation ranged marginally above the inflation rates of established industrialized powerhouses such as the United States or the European Union. However, this changed in 2021, as inflation rates in developed countries rose quickly, while prices in China only increased moderately. According to IMF estimates for 2024, Zimbabwe was expected to be the country with the highest inflation rate, with a consumer price increase of about 561 percent compared to 2023. In 2023, Turkmenistan had the lowest price increase worldwide with prices actually decreasing by about 1.7 percent.

  7. Consumer Price Index by product group, monthly, percentage change, not...

    • www150.statcan.gc.ca
    Updated Mar 18, 2025
    + more versions
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    Government of Canada, Statistics Canada (2025). Consumer Price Index by product group, monthly, percentage change, not seasonally adjusted, Canada, provinces, Whitehorse, Yellowknife and Iqaluit [Dataset]. http://doi.org/10.25318/1810000401-eng
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    Dataset updated
    Mar 18, 2025
    Dataset provided by
    Statistics Canadahttps://statcan.gc.ca/en
    Area covered
    Canada
    Description

    Monthly indexes and percentage changes for major components and special aggregates of the Consumer Price Index (CPI), not seasonally adjusted, for Canada, provinces, Whitehorse, Yellowknife and Iqaluit. Data are presented for the corresponding month of the previous year, the previous month and the current month. The base year for the index is 2002=100.

  8. N

    Netherlands Inflation, monthly percent change in the CPI, February, 2025 -...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Feb 15, 2025
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    Globalen LLC (2025). Netherlands Inflation, monthly percent change in the CPI, February, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Netherlands/inflation_monthly/
    Explore at:
    csv, xml, excelAvailable download formats
    Dataset updated
    Feb 15, 2025
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 29, 1996 - Feb 28, 2025
    Area covered
    Netherlands
    Description

    Inflation, monthly percent change in the CPI in the Netherlands, February, 2025 The most recent value is 1.43 percent as of February 2025, an increase compared to the previous value of -0.74 percent. Historically, the average for the Netherlands from February 1996 to February 2025 is 0.2 percent. The minimum of -3.9 percent was recorded in November 2022, while the maximum of 4.43 percent was reached in March 2022. | TheGlobalEconomy.com

  9. S

    South Africa Core CPI Change

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). South Africa Core CPI Change [Dataset]. https://www.ceicdata.com/en/indicator/south-africa/core-cpi-change
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2024 - Jan 1, 2025
    Area covered
    South Africa
    Description

    Key information about South Africa Core CPI Change

    • South Africa Core CPI Change was reported at 3.512 % in Jan 2025.
    • This records a decrease from the previous number of 3.520 % for Dec 2024.
    • South Africa Core CPI Change data is updated monthly, averaging 4.552 % from Jan 2009 to Jan 2025, with 193 observations.
    • The data reached an all-time high of 8.457 % in May 2009 and a record low of 2.497 % in Mar 2021.
    • South Africa Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
    • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

    CEIC calculates Core Consumer Price Index Growth from monthly Core Consumer Price Index. Statistics South Africa provides Core Consumer Price Index Growth with base December 2024=100. Core Consumer Price Index covers Urban areas only as it is the official index used for inflation calculation in South Africa. Core Consumer Price Index excludes Food, Non Alcoholic Beverages, Petrol and Energy.

  10. M

    Hong Kong Inflation Rate 1982-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
    + more versions
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    MACROTRENDS (2025). Hong Kong Inflation Rate 1982-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/HKG/hong-kong/inflation-rate-cpi
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    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1982 - Mar 26, 2025
    Area covered
    Hong Kong
    Description

    Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

  11. F

    Inflation, consumer prices for the United States

    • fred.stlouisfed.org
    json
    Updated Sep 19, 2024
    + more versions
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    (2024). Inflation, consumer prices for the United States [Dataset]. https://fred.stlouisfed.org/series/FPCPITOTLZGUSA
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    jsonAvailable download formats
    Dataset updated
    Sep 19, 2024
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Inflation, consumer prices for the United States (FPCPITOTLZGUSA) from 1960 to 2023 about consumer, CPI, inflation, price index, indexes, price, and USA.

  12. F

    Consumer Price Index for All Urban Consumers: All Items Less Food and Energy...

    • fred.stlouisfed.org
    json
    Updated Mar 12, 2025
    + more versions
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    (2025). Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average [Dataset]. https://fred.stlouisfed.org/series/CPILFESL
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Mar 12, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average (CPILFESL) from Jan 1957 to Feb 2025 about core, headline figure, all items, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

  13. T

    China Inflation Rate

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Mar 9, 2025
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    TRADING ECONOMICS (2025). China Inflation Rate [Dataset]. https://tradingeconomics.com/china/inflation-cpi
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    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Mar 9, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1986 - Feb 28, 2025
    Area covered
    China
    Description

    Inflation Rate in China decreased to -0.70 percent in February from 0.50 percent in January of 2025. This dataset provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  14. T

    Pakistan Inflation Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +16more
    csv, excel, json, xml
    Updated Mar 3, 2025
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    TRADING ECONOMICS (2025). Pakistan Inflation Rate [Dataset]. https://tradingeconomics.com/pakistan/inflation-cpi
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    xml, excel, csv, jsonAvailable download formats
    Dataset updated
    Mar 3, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1957 - Feb 28, 2025
    Area covered
    Pakistan
    Description

    Inflation Rate in Pakistan decreased to 1.50 percent in February from 2.40 percent in January of 2025. This dataset provides the latest reported value for - Pakistan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  15. E

    Egypt CPI: Food and Non Alcoholic Beverage Change

    • ceicdata.com
    Updated Feb 1, 2025
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    CEICdata.com (2025). Egypt CPI: Food and Non Alcoholic Beverage Change [Dataset]. https://www.ceicdata.com/en/indicator/egypt/cpi-food-and-non-alcoholic-beverage-change
    Explore at:
    Dataset updated
    Feb 1, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2024 - Feb 1, 2025
    Area covered
    Egypt
    Description

    Key information about Egypt CPI: Food and Non Alcoholic Beverage Change

    • Egypt CPI: Food and Non Alcoholic Beverage Change was reported at 3.700 % in Feb 2025.
    • This records a decrease from the previous number of 20.800 % for Jan 2025.
    • Egypt CPI: Food and Non Alcoholic Beverage Change data is updated monthly, averaging 14.368 % from Sep 2008 to Feb 2025, with 198 observations.
    • The data reached an all-time high of 73.600 % in Sep 2023 and a record low of -4.800 % in Oct 2019.
    • Egypt CPI: Food and Non Alcoholic Beverage Change data remains active status in CEIC and is reported by CEIC Data.
    • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: CPI: Food and Non Alcoholic Beverage: Y-o-Y Growth: Monthly.

    CEIC extends history for monthly Consumer Food Price Index Growth. The Central Agency for Public Mobilization and Statistics provides Consumer Food Price Index Growth with base 2018-2019=100. Consumer Food Price Index covers Urban area only as it is the official index used for inflation calculation in Egypt. Consumer Food Price Index Growth prior to January 2017 is calculated from Consumer Food Price Index with base January 2010=100. Consumer Food Price Index Growth prior to August 2010 is calculated from Consumer Food Price Index with base January 2007=100.

  16. Monthly inflation rate in Germany 2023-2025

    • statista.com
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    Statista, Monthly inflation rate in Germany 2023-2025 [Dataset]. https://www.statista.com/statistics/262957/inflation-rate-in-germany-changes-of-the-cpi-compared-to-the-same-month-last-year/
    Explore at:
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Feb 2023 - Feb 2025
    Area covered
    Germany
    Description

    In February 2025, based on preliminary figures, consumer prices in Germany increased by 2.3 percent compared to the same month of the previous year. The inflation rate is calculated using the price increase of a product basket defined by the German Federal Statistical Office. This product basket contains services and products, on which the average consumer spends money throughout the year. This includes expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (i.e. gas, oil), as well as federal fees and taxes.The term inflation means the devaluation of money caused by the increase of the price level of products (consumer goods, investment goods). The Consumer Price Index shows the price trends for private consumption expenses and shows the current inflation level when increasing.

  17. M

    Bulgaria Inflation Rate 1986-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
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    MACROTRENDS (2025). Bulgaria Inflation Rate 1986-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/BGR/bulgaria/inflation-rate-cpi
    Explore at:
    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1986 - Mar 17, 2025
    Area covered
    Bulgaria
    Description

    Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

  18. F

    Chained Consumer Price Index for All Urban Consumers: All Items in U.S. City...

    • fred.stlouisfed.org
    json
    Updated Mar 12, 2025
    + more versions
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    (2025). Chained Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [Dataset]. https://fred.stlouisfed.org/series/SUUR0000SA0
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Mar 12, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Chained Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (SUUR0000SA0) from Dec 1999 to Feb 2025 about chained, all items, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

  19. M

    Algeria Inflation Rate 1970-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
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    MACROTRENDS (2025). Algeria Inflation Rate 1970-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/DZA/algeria/inflation-rate-cpi
    Explore at:
    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1970 - Mar 19, 2025
    Area covered
    Algeria
    Description

    Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

  20. M

    Malawi Inflation Rate 1981-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
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    MACROTRENDS (2025). Malawi Inflation Rate 1981-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/MWI/malawi/inflation-rate-cpi
    Explore at:
    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1981 - Mar 18, 2025
    Area covered
    Malawi
    Description

    Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

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Cite
Statista (2024). U.S. projected Consumer Price Index 2010-2029 [Dataset]. https://www.statista.com/statistics/244993/projected-consumer-price-index-in-the-united-states/
Organization logo

U.S. projected Consumer Price Index 2010-2029

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2 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Aug 21, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

In 2023, the U.S. Consumer Price Index was 309.42, and is projected to increase to 352.27 by 2029. The base period was 1982-84. The monthly CPI for all urban consumers in the U.S. can be accessed here. After a time of high inflation, the U.S. inflation rateis projected fall to two percent by 2027. United States Consumer Price Index ForecastIt is projected that the CPI will continue to rise year over year, reaching 325.6 in 2027. The Consumer Price Index of all urban consumers in previous years was lower, and has risen every year since 1992, except in 2009, when the CPI went from 215.30 in 2008 to 214.54 in 2009. The monthly unadjusted Consumer Price Index was 296.17 for the month of August in 2022. The U.S. CPI measures changes in the price of consumer goods and services purchased by households and is thought to reflect inflation in the U.S. as well as the health of the economy. The U.S. Bureau of Labor Statistics calculates the CPI and defines it as, "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The BLS records the price of thousands of goods and services month by month. They consider goods and services within eight main categories: food and beverage, housing, apparel, transportation, medical care, recreation, education, and other goods and services. They aggregate the data collected in order to compare how much it would cost a consumer to buy the same market basket of goods and services within one month or one year compared with the previous month or year. Given that the CPI is used to calculate U.S. inflation, the CPI influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security payments, and pensions are all affected by the CPI.

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