The consumer price index is a weighted average collection of the prices of common goods and services. Changes in the CPI over time are used to estimate the rate of inflation. The consumer price ...

The CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month.

Get Instant Summarized Text (Gist) The Consumer Price Index (CPI) measures changes in the prices of goods and services over time, reflecting inflation as experienced by urban consumers. It is ...