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Cpi Data Release

Consumer Price Index (CPI): A Comprehensive Guide

What is the CPI?

The Consumer Price Index (CPI) is a measure of the change in the average price of a basket of goods and services purchased by urban consumers. It is a key indicator of inflation or deflation in an economy.

How is the CPI Calculated?

The CPI is calculated by the Bureau of Labor Statistics (BLS) by tracking the prices of a representative sample of goods and services purchased by urban consumers, including items like food, housing, transportation, and healthcare.

Uses of the CPI

The CPI is a valuable tool for policymakers, businesses, and consumers as it provides insights into:

* Inflation levels * Cost of living adjustments * Economic policy decisions * Wage negotiations


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