Our new data page, CPI Inflation Contributions from Goods and Services, details the evolution of inflation using the consumer ...

The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. The CPI is a measure ...

What Is a Basket of Goods? A basket of goods is a collection of items that represent consumer spending patterns. For example, ...

We give a full roundup below, explaining how the basket of goods works, before delving into the outlook for inflation. What is the CPI basket of goods? The main measure of inflation used in the UK ...

The Consumer Price Index “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,” according to the Bureau of ...

The CPI tracks the average price of a basket of goods, including basic foodstuffs, housing costs, clothing, healthcare, and recreational items. It does not account for qualitative changes or ...