An index of average prices for a typical market basket of consumer goods. The index is set at 100 for a specified base year. The annual rate of change in the CPI is the inflation rate for consumer goods.
CONSUMER PRICE INDEX (CPI)
An index of average prices for a typical market basket of consumer goods. The index is set at 100 for a specified base year. The annual rate of change in the CPI is the inflation rate for consumer goods.
