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- Social Security latest COLA update for 2025 increase means bad news
  Staten Island Advance· 1 day ago
  For 2025, using current inflation data from the Consumer Price Index, it’s estimated there will be a...
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  The Forex Market· 9 hours ago
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  GOBankingRates via Yahoo Finance· 1 day ago
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  Scripps News via AOL· 10 hours ago
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  Star Tribune (Minneapolis) via Yahoo Sports· 11 hours ago
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  Index (DXY) added to Friday’s pullback and revisited the 104.60-104.50 band on Monday. On May 28, the Conference Board’s Consumer Confidence takes centre...
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  FOX Business· 10 hours ago
  EXCLUSIVE: The founder and CEO of Bass Pro Shops, Johnny Morris, says that despite inflation, the...
- Jill On Money: Slow progress on inflation
  San Jose Mercury News· 10 hours ago
  The progress on inflation has been frustratingly slow this year. The most recent evidence was found in the Consumer Price Index (CPI) ...
- UK Inflation Weakest Since Mid-2021
  RTT News· 6 days ago
  Consumer prices rose 2.3 percent on a yearly basis in April, slower than the 3.2 percent increase in March. The April inflation was the weakest since July 2021, when it was ...
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  Both contracts were down over 2% each last week after sinking to February lows, as fears of high for...

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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

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