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Consumer
Price Index & Inflation |
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Annual CPI |
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2005 |
2006 |
2007 |
2008 |
| All
Urban Consumers (CPI-U) |
3.4% |
2.5% |
2.7% |
4.0% |
| Urban
Wage Earners & Clerical Workers (CPI-W) |
3.6% |
2.5% |
2.8% |
4.3% |
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* based on December 1996 dollars |
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SOURCE: USDC, Bureau of Labor Statistics,
2005 - 2008 |
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Current CPI |
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Change
from 1 year ago |
Index |
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All
Urban Consumers (CPI-U) |
-0.6% |
129.3 |
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Urban
Wage Earners & Clerical Workers (CPI-W) |
- 1.1% |
128.5 |
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* based on December 1996 dollars |
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SOURCE: USDC, Bureau of Labor Statistics, March 2009
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All the
data above is for B/C Size Class cities (population of 50,000-1,500,000)
located in the Midwest Region. |
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The
Consumer Price Index (CPI) is a measure of the average change in
prices over time in a market basket of goods and services. It
is a good indicator of consumer inflation rates and in terms of
salary adjustments it is often referred to as
"the cost of living
increase."
For a full
explanation and the CPI equation, click here. |
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The
Bureau of Labor Statistics provides an inflation calculator which
allows users to figure inflation over a designated period of
time.
(i.e. $1.00 in 1956 equals $7.76 in 2009.)
Click to view the BLS
Inflation Calculator. |
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