The Consumer Price Index (CPI) is one of the most widely utilized measures of price levels and inflation. It gauges and compares the total cost of a specified 'market basket' of goods and services consumed by households over different time periods.
The Consumer Price Index (CPI) measures the average change in prices over time that consumers pay for a basket of goods and services. It is a crucial indicator used to assess inflation and the cost of living.
A data series produced by the Bureau of Labor Statistics, Owners' Equivalent Rent (of Primary Residence) is used in compiling the Consumer Price Index (CPI) to track the rental value that the average owner-occupied home would command in the market.
