What was the Consumer Price Index for 2009?
What was the Consumer Price Index for 2009?
The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.7 percent over the last 12 months to an index level of 215.949 (1982-84=100). For the month, the index decreased 0.2 percent prior to seasonal adjustment.
How do you find Consumer Price Index?
To find the CPI in any year, divide the cost of the market basket in year t by the cost of the same market basket in the base year. The CPI in 1984 = $75/$75 x 100 = 100 The CPI is just an index value and it is indexed to 100 in the base year, in this case 1984.
What is current Consumer Price Index?
Not seasonally adjusted CPI measures The Consumer Price Index for All Urban Consumers (CPI-U) increased 6.8 percent over the last 12 months to an index level of 277.948 (1982-84=100). For the month, the index increased 0.5 percent prior to seasonal adjustment.
Why did the consumer price index sharply decline in 2009?
NEW YORK (CNNMoney.com) — A key index of prices paid by consumers showed the largest year-over-year decline since April 1950, primarily due to sinking energy prices, the government said Wednesday. The Consumer Price Index, the Labor Department’s key measure of inflation, has fallen 1.3% over the past year.
What is the Consumer Price Index CPI and how is it determined each month?
The Consumer Price Index (CPI), which measures is widely used to measure inflation, is determined by tracking price changes in a market basket of consumer goods and services over a period of time.
How often is CPI reported?
The U.S. Bureau of Labor Statistics (BLS) reports the CPI on a monthly basis and has calculated it as far back as 1913. It is based upon the index average for the period from 1982 through 1984 (inclusive), which was set to 100.
What was the annual average CPI in 2011?
1.6
Consumer Price Index Historical Tables for U.S. City Average
| ALL ITEMS (1982-84=100) | U.S. City Average | |
|---|---|---|
| Jan | Dec | |
| 2011 | 1.6 | 3.0 |
| 2012 | 2.9 | 1.7 |
| 2013 | 1.6 | 1.5 |
What was CPI in 2007?
Consumer prices advanced at a seasonally adjusted annual rate (SAAR) of 5.6 percent in the fourth quarter of 2007. This followed increases in the first three quarters at annual rates of 4.7, 5.2, and 1.0 percent, respectively. For the 12 month period ended in December, the CPI-U rose 4.1 percent.
