100+ 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. T

    United States Consumer Price Index (CPI)

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 11, 2025
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    TRADING ECONOMICS (2025). United States Consumer Price Index (CPI) [Dataset]. https://tradingeconomics.com/united-states/consumer-price-index-cpi
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    xml, csv, excel, jsonAvailable download formats
    Dataset updated
    Jun 11, 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, 1950 - May 31, 2025
    Area covered
    United States
    Description

    Consumer Price Index CPI in the United States increased to 321.47 points in May from 320.80 points in April of 2025. This dataset provides the latest reported value for - United States Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  3. U.S. monthly CPI of all urban consumers 2022-2025

    • statista.com
    • ai-chatbox.pro
    Updated Mar 11, 2025
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    Statista (2025). U.S. monthly CPI of all urban consumers 2022-2025 [Dataset]. https://www.statista.com/statistics/190981/monthly-unadjusted-consumer-price-index-in-the-us-since-april-2010/
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    Dataset updated
    Mar 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2023 - Jan 2025
    Area covered
    United States
    Description

    In January 2025, the unadjusted consumer price index (CPI) of all items for urban consumers in the United States amounted to about 317.67. The data represents U.S. city averages. The base period was 1982-84=100. 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”. The annual consumer price index for urban consumers in the U.S. can be accessed here. Consumer Price Index The Consumer Price Index (CPI) began in 1919 under the Bureau of Labor Statistics and is published every month. The CPI for all urban consumers includes urban households in Metropolitan Statistical Areas and regions with over 2,500 inhabitants, as well as non-farm consumers living in rural regions. This index was established in 1978 and includes about 80 percent of the U.S. population. The monthly CPI of urban consumers in the United States increased from 292.3 in May 2022 to 304.13 in 2023. Inflation tends not to impact everyone equally for a variety of reasons, including geography - CPI often differs between regions, with a high of 287.49 in the Western region as of 2021. There are also disparities in inflation between income quartiles, in which inflation is generally felt more heavily by lower income households. The annual CPI in the United States has increased steadily over the past two decades, from 140.3 in 1992 to 292.56 in 2022. A forecast of the CPI expects this positive trend to continue, reaching 325.6 by 2027. As of March 2023, the CPI of the nation’s education had increased by 3.5 percent. Further, in the same month costs of recreation, rent, housing, medical care, and food and beverages, gasoline, and transportation increased. Comparatively, the CPI in Hong Kong reached 103.3 in 2022.

  4. U

    USA Consumer Price Index (CPI), May, 2025 - data, chart |...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Aug 7, 2024
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    Globalen LLC (2024). USA Consumer Price Index (CPI), May, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/USA/cpi/
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    excel, xml, csvAvailable download formats
    Dataset updated
    Aug 7, 2024
    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
    Jan 31, 1960 - May 31, 2025
    Area covered
    United States
    Description

    Consumer Price Index (CPI) in the USA, May, 2025 The most recent value is 321.465 index points as of May 2025, an increase compared to the previous value of 320.795 index points. Historically, the average for the USA from January 1960 to May 2025 is 141.726 index points. The minimum of 29.37 index points was recorded in January 1960, while the maximum of 321.465 index points was reached in May 2025. | TheGlobalEconomy.com

  5. T

    United States Inflation Rate

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 11, 2025
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    TRADING ECONOMICS (2025). United States Inflation Rate [Dataset]. https://tradingeconomics.com/united-states/inflation-cpi
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    Jun 11, 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
    Dec 31, 1914 - May 31, 2025
    Area covered
    United States
    Description

    Inflation Rate in the United States increased to 2.40 percent in May from 2.30 percent in April of 2025. This dataset provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  6. Monthly change in the consumer price index for food & beverages in the U.S....

    • statista.com
    Updated Jun 30, 2025
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    Statista (2025). Monthly change in the consumer price index for food & beverages in the U.S. 2021-2025 [Dataset]. https://www.statista.com/statistics/1369519/us-monthly-consumer-price-index-for-food-and-beverages/
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    Dataset updated
    Jun 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2021 - Feb 2025
    Area covered
    United States
    Description

    In February 2025, the seasonally adjusted consumer price index (CPI) for food and beverages in the United States increased by *** percent compared to the same period in 2024. The highest change was registered in August 2022, when the consumer price index for food and beverages increased by **** percent compared to August 2021.

  7. T

    United States Core Inflation Rate

    • tradingeconomics.com
    • id.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Apr 10, 2025
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    TRADING ECONOMICS (2025). United States Core Inflation Rate [Dataset]. https://tradingeconomics.com/united-states/core-inflation-rate
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    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Apr 10, 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
    Feb 28, 1957 - May 31, 2025
    Area covered
    United States
    Description

    Core consumer prices in the United States increased 2.80 percent in May of 2025 over the same month in the previous year. This dataset provides - United States Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  8. U.S. monthly inflation rate 2025

    • statista.com
    • ai-chatbox.pro
    Updated Mar 11, 2025
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    Statista (2025). U.S. monthly inflation rate 2025 [Dataset]. https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
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    Dataset updated
    Mar 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2021 - Jan 2025
    Area covered
    United States
    Description

    In January 2025, prices had increased by three percent compared to January 2024 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restrains, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.

  9. M

    Macau SAR, China Composite CPI: Weights: IC: Telecommunications Equipment

    • ceicdata.com
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    CEICdata.com, Macau SAR, China Composite CPI: Weights: IC: Telecommunications Equipment [Dataset]. https://www.ceicdata.com/en/macau/composite-consumer-price-index-july-2023june-2024100-weights
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    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
    Oct 1, 2024 - Dec 1, 2024
    Area covered
    Macao
    Description

    Composite CPI: Weights: IC: Telecommunications Equipment data was reported at 0.532 % in Mar 2025. This stayed constant from the previous number of 0.532 % for Feb 2025. Composite CPI: Weights: IC: Telecommunications Equipment data is updated monthly, averaging 0.532 % from Oct 2024 (Median) to Mar 2025, with 6 observations. The data reached an all-time high of 0.532 % in Mar 2025 and a record low of 0.532 % in Mar 2025. Composite CPI: Weights: IC: Telecommunications Equipment data remains active status in CEIC and is reported by Statistics and Census Service. The data is categorized under Global Database’s Macau SAR (China) – Table MO.I002: Composite Consumer Price Index: July 2023-June 2024=100: Weights.

  10. Monthly headline consumer price index 2019-2024, by region

    • statista.com
    • ai-chatbox.pro
    Updated Jul 4, 2025
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    Statista (2025). Monthly headline consumer price index 2019-2024, by region [Dataset]. https://www.statista.com/statistics/1032274/headline-consumer-price-index-inflation-worldwide/
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    Dataset updated
    Jul 4, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2020 - May 2024
    Area covered
    Worldwide
    Description

    In August 2024, the global consumer price index, excluding the United States, stood at *****, compared to ***** for the U.S. The data for the world and emerging economies are distorted by hyperinflation in Venezuela and may not accurately reflect the inflation rate of other countries. However, Russia's war in Ukraine caused a surge in prices globally through 2022 and 2023. The headline consumer price index tracks the changes in the price level of a basket of goods and services purchased by households. Economic challenges in Argentina While CPI increases have been significant globally, certain economies have experienced more dramatic increases than others. Argentina is a notable case of these increases, as the CPI has increased more than *** percent between 2020 and 2023. Currently, most of the Argentinian public considers inflation and low wages to be the biggest challenges facing the country. Consumer responses to price increases Globally, consumers are coping with price increases in many ways. In a May 2023 survey, ** percent respondents from over 14 countries indicated they were more conscious about prices than previously. In another survey from earlier that year, over ** percent of respondents indicated they were most concerned about inflation and had changed their consumption habits as a result.

  11. Monthly consumer Price Index (CPI) in India FY 2022-2025

    • statista.com
    Updated Oct 9, 2024
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    Statista (2024). Monthly consumer Price Index (CPI) in India FY 2022-2025 [Dataset]. https://www.statista.com/statistics/654715/consumer-price-index-india/
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    Dataset updated
    Oct 9, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    India
    Description

    The combined consumer price index across India was 192.9 as of July 2024. Rural India registered a higher CPI as compared to urban India. The rural CPI has consistently stayed above than urban CPI during the recorded period. CPI measures the overall change in prices of goods and services for consumers.

  12. CPI in Mexico 2024, by expenditure category

    • statista.com
    • ai-chatbox.pro
    Updated Nov 21, 2024
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    Statista (2024). CPI in Mexico 2024, by expenditure category [Dataset]. https://www.statista.com/statistics/1320204/consumer-price-index-mexico-by-group/
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    Dataset updated
    Nov 21, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jul 2024
    Area covered
    Mexico
    Description

    The National Consumer Price Index gauges the price changes in a basket of goods and services representative of Mexican households' consumption. In July 2024, CPI stood at 136 index points, indicating a decrease of 1.05 percentage points in consumer prices compared to the previous month. When breaking it down by groups, it can be seen that food, beverages, and tobacco was the category with the highest CPI at 158.34 index points as of July 2024. On the opposite side, communications had a CPI of 90.06 index points, representing a price decrease.

  13. I

    Italy Consumer Price Index (CPI), June, 2025 - data, chart |...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jun 15, 2025
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    Globalen LLC (2025). Italy Consumer Price Index (CPI), March, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Italy/cpi/
    Explore at:
    xml, excel, csvAvailable download formats
    Dataset updated
    Jun 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
    Jan 31, 1996 - Jun 30, 2025
    Area covered
    Italy
    Description

    Consumer Price Index (CPI) in Italy, June, 2025 The most recent value is 125 index points as of June 2025, an increase compared to the previous value of 124.8 index points. Historically, the average for Italy from January 1996 to June 2025 is 92.5475 index points. The minimum of 67.5 index points was recorded in January 1996, while the maximum of 125 index points was reached in June 2025. | TheGlobalEconomy.com

  14. T

    Germany Consumer Price Index (CPI)

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Mar 12, 2024
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    TRADING ECONOMICS (2024). Germany Consumer Price Index (CPI) [Dataset]. https://tradingeconomics.com/germany/consumer-price-index-cpi
    Explore at:
    xml, excel, json, csvAvailable download formats
    Dataset updated
    Mar 12, 2024
    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, 1950 - May 31, 2025
    Area covered
    Germany
    Description

    Consumer Price Index CPI in Germany increased to 121.80 points in May from 121.70 points in April of 2025. This dataset provides the latest reported value for - Germany Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  15. T

    Brazil Consumer Price Index (CPI)

    • tradingeconomics.com
    • fr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Brazil Consumer Price Index (CPI) [Dataset]. https://tradingeconomics.com/brazil/consumer-price-index-cpi
    Explore at:
    csv, xml, json, excelAvailable download formats
    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
    Dec 31, 1979 - Jun 30, 2025
    Area covered
    Brazil
    Description

    Consumer Price Index CPI in Brazil increased to 7312.97 points in June from 7295.46 points in May of 2025. This dataset provides - Brazil Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  16. Mexico CPI: Weights: Tijuana, Baja California

    • ceicdata.com
    Updated Dec 15, 2022
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    CEICdata.com (2022). Mexico CPI: Weights: Tijuana, Baja California [Dataset]. https://www.ceicdata.com/en/mexico/consumer-price-index-by-major-city-second-half-july-2018100-weights/cpi-weights-tijuana-baja-california
    Explore at:
    Dataset updated
    Dec 15, 2022
    Dataset provided by
    CEIC Data
    License

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

    Time period covered
    Dec 1, 2018 - Dec 1, 2024
    Area covered
    Mexico
    Description

    Mexico Consumer Price Index (CPI): Weights: Tijuana, Baja California data was reported at 2.028 % in 2024. This stayed constant from the previous number of 2.028 % for 2023. Mexico Consumer Price Index (CPI): Weights: Tijuana, Baja California data is updated yearly, averaging 2.028 % from Dec 2018 (Median) to 2024, with 7 observations. The data reached an all-time high of 2.028 % in 2024 and a record low of 2.028 % in 2024. Mexico Consumer Price Index (CPI): Weights: Tijuana, Baja California data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.I038: Consumer Price Index: by Major City: Second Half July 2018=100: Weights: Annual (Discontinued).

  17. Q

    Qatar Consumer Price Index (CPI), July, 2024 - data, chart |...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jul 15, 2024
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    Globalen LLC (2024). Qatar Consumer Price Index (CPI), July, 2024 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Qatar/cpi/
    Explore at:
    csv, excel, xmlAvailable download formats
    Dataset updated
    Jul 15, 2024
    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
    Jan 31, 2009 - Jul 31, 2024
    Area covered
    Qatar
    Description

    Consumer Price Index (CPI) in Qatar, July, 2024 The most recent value is 107.11 index points as of July 2024, a decline compared to the previous value of 107.52 index points. Historically, the average for Qatar from January 2009 to July 2024 is 96.2725 index points. The minimum of 85.1554 index points was recorded in January 2010, while the maximum of 109.98 index points was reached in December 2023. | TheGlobalEconomy.com

  18. T

    Taiwan Consumer Price Index (CPI)

    • tradingeconomics.com
    • pt.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Apr 25, 2025
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    TRADING ECONOMICS (2025). Taiwan Consumer Price Index (CPI) [Dataset]. https://tradingeconomics.com/taiwan/consumer-price-index-cpi
    Explore at:
    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Apr 25, 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, 1959 - Jun 30, 2025
    Area covered
    Taiwan
    Description

    Consumer Price Index CPI in Taiwan increased to 109.19 points in June from 109.04 points in May of 2025. This dataset provides the latest reported value for - Taiwan Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  19. T

    Euro Area Consumer Price Index (CPI)

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Euro Area Consumer Price Index (CPI) [Dataset]. https://tradingeconomics.com/euro-area/consumer-price-index-cpi
    Explore at:
    json, csv, xml, excelAvailable download formats
    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, 1996 - Jun 30, 2025
    Area covered
    Euro Area
    Description

    Consumer Price Index CPI In the Euro Area increased to 129.07 points in June from 128.71 points in May of 2025. This dataset provides the latest reported value for - Euro Area Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  20. T

    Romania Consumer Price Index (CPI)

    • tradingeconomics.com
    • id.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Romania Consumer Price Index (CPI) [Dataset]. https://tradingeconomics.com/romania/consumer-price-index-cpi
    Explore at:
    json, excel, xml, csvAvailable download formats
    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, 2011 - Jun 30, 2025
    Area covered
    Romania
    Description

    Consumer Price Index CPI in Romania increased to 262.64 points in June from 261.48 points in May of 2025. This dataset provides - Romania Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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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/
Organization logo

U.S. projected Consumer Price Index 2010-2029

Explore at:
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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