CPI (Inflation)
Consumer Price Index and Profile
Annual CPI
| 2018 | 2019 | 2020 | 2021 | 2022 | ||
| All Urban Consumers (CPI-U) | 1.6% | 1.5% | 0.9% | 5.4% | 6.9 | |
| Urban Wage Earners & Clerical Workers (CPI-W) | 1.9% | 1.4% | 0.9% | 6.2% | 7.0 | |
| *based on December 1996 dollars | ||||||
Source: USDC, Bureau of Labor Statistics, 2018-2022
Current CPI
|
12-Month Percent Change |
Index |
|
| All Urban Consumers (CPI-U) |
6.9% |
177.442 |
| Urban Wage Earners & Clerical Workers (CPI-W) |
7.0% |
178.879 |
| *based on December 1996 dollars | ||
Source: USDC, Bureau of Labor Statistics, January 2023
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 December 1960 equals $9.36 in December 2021) View the BLS Inflation Calculator »
