Consumer Price Index
The Consumer Price Index (CPI) is a monthly price index that measures changes in the average prices paid by urban consumers for a representative basket of goods and services. It is used to gauge inflation and is published by the U.S. Bureau of Labor Statistics.
Example: In the latest CPI report, the year-over-year change in the headline index exceeded the increase in the core CPI, signaling higher overall consumer price growth while underlying inflation appeared more muted.
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