Consumer Price Index (CPI)
The CPI is the most widely used measure of inflation and is often referred to as the cost of living index. It measures changes over time in the price of a fixed market basket of goods and services. There are two indexes. The CPI-U covers the expenditures of a wide range of urban consumers; the CPI-W covers only the expenditures of urban wages earners and clerical workers.
U.S. Consumer Price Index 1981 - present
| Indexes | Percent change from | ||||
|---|---|---|---|---|---|
| August 2024 | July 2024 | August 2023 | July 2024 | August 2023 | |
| U.S. city average (not seasonally adjusted) | 314.796 | 314.540 | 307.026 | 0.1% | 2.5% |
| U.S. city average (seasonally adjusted) | 314.121 | 313.534 | 306.187 | 0.2% | 2.6% |
| (All items, urban consumers, 1982-84 = 100) | |||||