Consumer Price Index

The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services. The CPI is often used as a measure of inflation, which is the rate at which the general level of prices for goods and services is rising, and the purchasing power of currency is falling.

The CPI is calculated by the Bureau of Labor Statistics (BLS) on a monthly basis. The BLS collects price data from thousands of retail and service establishments across the country, covering a wide range of goods and services, including food, housing, transportation, medical care, and education.

To calculate the CPI, the BLS first selects a base period, which is typically a three-year period. The prices of the goods and services in the basket are then collected in both the base period and the current period, and the price change is calculated as a percentage. The weighted average of these percentage changes is the CPI for that month.

The CPI is often used by policymakers to adjust various economic indicators for inflation, such as wages, Social Security benefits, and taxes. It is also used to make decisions about monetary policy and to assess the health of the economy. High inflation rates can erode the value of savings and make it more difficult for consumers and businesses to plan for the future, so monitoring and controlling inflation is an important goal for many governments and central banks.

Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Matthew Nuncio may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

MLSGrid IDX Data Notice
DMCA Notice

Consumer Price Index

Search

Explore

Company

Resources

About

Account

Consumer Price Index