Tag consumer price index

The Consumer Price Index (CPI) is a crucial economic indicator that measures the average change in prices of consumer goods and services over time. It serves as a barometer for inflation and cost of living trends, helping businesses and policymakers make informed decisions. The CPI covers a wide range of products and services, from food and housing to transportation and healthcare. By tracking these price changes, it provides valuable insights into the purchasing power of currency and overall economic health. For businesses, understanding CPI trends is essential for pricing strategies, wage adjustments, and financial planning. Explore our CPI resources to gain a deeper understanding of inflation dynamics and their impact on your business operations.