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 Cost of Living Adjustment (COLA) refers to an increase in payment amounts, such as rent or salaries, based on the rate of inflation. It ensures that individuals or entities maintain their purchasing power as the cost of living changes.
The Cost of Living Index is an indicator that measures the relative expense of living in a specific area by comparing the prices of goods and services to a baseline, often representing an earlier year or different location.
Housing Starts are a vital economic indicator that measures the number of new residential construction projects that have begun within a specified period. This figure provides insights into economic conditions and trends within the housing market.
An index is a statistical measure that indicates some current economic or financial condition. Indexes are often used to make adjustments in wage rates, rental rates, loan interest rates, and pension benefits set by long-term contracts.
