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  2. Consumer price index - Wikipedia

    en.wikipedia.org/wiki/Consumer_price_index

    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 ...

  3. What is the Consumer Price Index (CPI) and why is it useful?

    www.aol.com/finance/consumer-price-index-cpi-why...

    The CPI-U is the most commonly cited index when referring to changes in consumer prices. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), covers approximately 29 ...

  4. United States Consumer Price Index - Wikipedia

    en.wikipedia.org/wiki/United_States_Consumer...

    The Consumer Price Index was initiated during World War I, when rapid increases in prices, particularly in shipbuilding centers, made an index essential for calculating cost-of-living adjustments in wages. To provide appropriate weighting patterns for the index, it reflected the relative importance of goods and services purchased in 92 ...

  5. Market basket - Wikipedia

    en.wikipedia.org/wiki/Market_basket

    The most common type of market basket is the basket of consumer goods used to define the Consumer Price Index (CPI). It is a sample of goods and services, offered at the consumer market. In the United States, the sample is determined by Consumer Expenditure Surveys conducted by the Bureau of Labor Statistics. [1]

  6. Why the Consumer Price Index (CPI) is Important - AOL

    www.aol.com/news/why-consumer-price-index-cpi...

    The Consumer Price Index (CPI) is an economic term you've probably heard before but may not know much about. Broadly speaking, the CPI measures the price of consumer goods and how they're trending.

  7. Why Does the Consumer Price Index Matter? - AOL

    www.aol.com/finance/why-does-consumer-price...

    Children learn the concept of inflation the first time they're forced to listen to a story about how it once cost a quarter to go to the movies. The price of goods and services increases over time ...

  8. Cost-of-living index - Wikipedia

    en.wikipedia.org/wiki/Cost-of-living_index

    The United States Consumer Price Index (CPI) is a price index that is based on the idea of a cost-of-living index. The U.S. Department of Labor's Bureau of Labor Statistics (BLS) explains the differences: The CPI frequently is called a cost-of-living index, but it differs in important ways from a complete cost-of-living measure.

  9. Price index - Wikipedia

    en.wikipedia.org/wiki/Price_index

    A price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.