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The annual percent change in the US Consumer Price Index for All Urban Consumers is one of the most common metrics for price inflation in the United States. The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used ...
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
The CPI-U includes expenditures by all urban consumers. The CPI-W includes expenditures by consumer units with clerical workers, sales workers, craft workers, operative, service workers, or laborers. The Chained Consumer Price Index C-CPI-U, a chained index, has been introduced.
This is a bit different from the Consumer Price Index for All Urban Consumers, or CPI-U, which is used to calculate Social Security cost-of-living adjustments (COLAs) and inflation-based wages.
The latest inflationary bout spiked two years ago when consumer prices rose year-over-year by 9.1% in June 2022, according to the Consumer Price Index for all urban consumers.
Its estimate was updated on Sept. 13, 2022, following the release of the Labor Department’s Consumer Price Index for All Urban Consumers (CPI-U) report. According to that report, overall ...
For example, the elderly consume roughly double the medical care of all urban consumers (studied for CPI-U and C-CPI-U) and urban wage earners and clerical workers (for CPI-W); inflation in medical care has exceeded that in much of the rest of the economy. To adjust for this, the BLS computes a consumer price index for the elderly (CPI-E). [16]
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