The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. The CPI reflects spending patterns for each of two population groups: all urban consumers and urban wage earners and clerical workers. The all urban consumer group represents about 93 percent of the total U.S. population.
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.
2018 CPI and Inflation Rate for the United States. This table shows the monthly All-Items Consumer Price Index (CPI-U) as well as the annual and monthly inflation rates for the United States in 2018. You can find upcoming CPI release dates on our schedule page.
Inflation Rate Formula. To compute inflation, start with the inflation rate formula: CPI in Y2 CPI in Y1 * Y1 USD value = Y2 USD value. For example, if you wanted to convert dollar amounts in the year 2000 to dollar amounts in the year 2018: CPI in 2018 CPI in 2000 * 2000 USD value = 2018 USD value Next, we plug in historical CPI values. The U ...
Consumer Price Index (CPI-U) data is provided by the U.S. Department of Labor Bureau of Labor Statistic.This monthly pipelined data is the gas powering the always-current Inflation Calculator.The following CPI data was last updated by the government agency on April 10, 2019 and covers up to March 2019.
Calculating Annual Inflation Rates. Annual rates of inflation are calculated using 12-month selections of the Consumer Price Index which is published monthly by the Labor Department’s Bureau of Labor Statistics ().. For example, to calculate the inflation rate for January 2017, subtract its CPI of "242.839" from last year’s January 2016 CPI of "236.916."
We calculate the Current Inflation rate (see table below) to two decimal places while the Bureau of Labor Statistics only calculates inflation to one decimal place. Therefore, while being based on the same government Consumer Price index (CPI-U) our data provides a "finer" view.
The rate of increase in prices for goods and services. Measures of inflation and prices include consumer price inflation, producer price inflation, the house price index, index of private housing rental prices, and construction output price indices.
Consumer Price Index – March 2018 KEY FINDINGS Headline consumer price index (CPI for all urban areas) Annual consumer price inflation was 3,8% in March 2018, down from 4,0% in February 2018. The consumer price index increased by 0,4% month-on-month in March 2018. Table C (page 6) shows contributions to headline annual consumer price inflation.
The Consumer Prices Index (CPI) 12-month rate was 2.4% in April 2018, down from 2.5% in March 2018. ... the latest changes to the relative weights of items in the inflation basket to ensure they remain representative of current consumer spending patterns. Back to table of contents.