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- Chief economist defies Fed’s hawkish pivot; no rate hikes this year despite ‘dramatic turnaround’
  Fortune via Yahoo Finance· 6 hours ago
  And housing is a key part of that. “Let’s not forget that housing has a weight of roughly 35% to 40%...
- Social Security latest COLA update for 2025 increase means bad news
  Staten Island Advance· 3 days ago
  For 2025, using current inflation data from the Consumer Price Index, it’s estimated there will be a...
- Consumer Confidence Rose In May
  National Mortgage Professional· 10 hours ago
  Conference Board’s Consumer Confidence Index rising to 102 from April’s 97.5. Despite this, concerns about an impending recession rose among those...
- Consumer confidence rebounds for first time in 3 months
  Yahoo Finance· 1 day ago
  Consumer confidence unexpectedly rose in May, ending three straight months of declines as Americans...
- Consumer Confidence Bounces Back in May After Three Months of Decline
  KLAX-TV· 5 hours ago
  Consumer confidence rose in May after declining for the last three months, with the Conference...
- California’s Minimum Wage Increase for Health Care Workers is on the Horizon
  The National Law Review· 7 hours ago
  On June 1, 2024, nearly all health care facilities in California will be required to increase the...
- Frank inflation: Americans are now prepared to spend nearly $6 for a hot dog
  Market Watch· 2 hours ago
  Specifically, the survey of 1,000 Americans asked how much they’re willing to pay for the summertime...
- US consumers show the Fed its backward problem with high rates: Morning Brief
  Yahoo Finance via AOL· 15 hours ago
  Consumer confidence rebounded in May, but there are signs this data is being driven by wealthier ...
- Surprise! Consumer Confidence Is Rebounding Big-Time. Is This Why?
  InvestorPlace· 7 hours ago
  The surge in confidence broke a three-month decline streak, boosted by a strong labor market....
- A Surprisingly Strong Consumer Confidence Report Looks Worse Under the Hood
  The Wall Street Journal· 1 day ago
  The headline reading on the Conference Board’s Consumer Confidence Index jumped to 102 in May from...

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current consumer price index (cpi)	what is the current consumer price index inflation rate
current consumer price index report	reports on the current consumer price index are released every
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Consumer Price Index (CPI)
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bls.gov/cpi
The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The U.S. 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. investopedia.com
- What goods and services does the CPI cover?: ‎BLS has classified all expenditure items into more than 200 categories, arranged into eight major groups (food and beverages, housing, apparel, transportation, medical care, recreation, education and communication, and other goods and services).
- Which index is the "official CPI" reported in the media?: The broadest and most comprehensive CPI is called the All Items Consumer Price Index for All Urban Consumers (CPI-U) for the U.S. City Average, 1982-84=100. The CPI-U represents the 93% of the U.S. population not living in remote rural areas. CPI-U is the basis of the widely reported CPI numbers that matter to financial markets.
- How is the CPI used?: ㅤ
- • As an economic indicator: ‎As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy.
- • As a deflator of other economic series: The CPI and its components are used to adjust other economic series for price change and to translate these series into inflation-free dollars.
- • As a means for indexation (i.e. adjusting income payments): Over 2 million workers are covered by collective bargaining agreements which tie wages to the CPI.
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Source: investopedia.com, wikipedia.org, bls.gov