CPI (Inflation)

Consumer Price Index and Profile

Annual CPI

2018 2019 2020 2021
All Urban Consumers (CPI-U) 1.6% 1.5% 0.9% 5.4%
Urban Wage Earners & Clerical Workers (CPI-W) 1.9% 1.4% 0.9% 6.2%
     *based on December 1996 dollars

Source: USDC, Bureau of Labor Statistics, 2018-2021

Current CPI

12-Month Percent Change

Index

All Urban Consumers (CPI-U)

8.3%

169.460

Urban Wage Earners & Clerical Workers (CPI-W)

9.6%

170.863

     *based on December 1996 dollars

Source: USDC, Bureau of Labor Statistics, February 2022

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 »