CPI (Inflation)

Consumer Price Index and Profile

Annual CPI

2014 2015 2016
All Urban Consumers (CPI-U) 1.7% -0.6% 0.7%
Urban Wage Earners & Clerical Workers (CPI-W) 1.5% -1.2% 0.4%
     *based on December 1996 dollars

Source: USDC, Bureau of Labor Statistics, 2014-2016

Current CPI

Change from 1 year ago

Index

All Urban Consumers (CPI-U)

1.7%

146.889

Urban Wage Earners & Clerical Workers (CPI-W)

1.7%

145.908

     *based on December 1996 dollars

Source: USDC, Bureau of Labor Statistics, March 2017

All of the data above is for B/C Size Class cities (population of 50,000-1,500,000) located in the Midwest Region.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.”

View the full explanation and the CPI_Definition

Inflation Calculator

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 $9.06 in 2017) View the BLS Inflation Calculator »