This statistic represents the Consumer Price Index in the United States from 2011 to 2014, with additional forecasts extending to 2020. The data represent urban averages in the United States. The reference period was 1982-84. In 2015, the projected annual Consumer Price Index is expected to be around .
The Consumer Price Index for previous years can be consulted separately.
Forecast of the Consumer Price Index in the United States
According to data published by the International Monetary Fund, the Consumer Price Index (CPI) was in 2011, compared to the reference period of 1982 to 1984. The CPI is expected to continue increasing in the coming years to reach in 2017. The level of the Consumer Price Index for all urban consumers was lower in previous years and has increased every year since 1992, except in 2009, when the CPI fell from in 2008 to in 2009. The unadjusted level of the Consumer Price Index was in June 2013.
The Consumer Price Index (CPI) in the United States measures changes in the prices of consumer goods and services purchased by households and represents a key element in calculating the inflation rate in the United States and the health of the economy. The CPI is defined by the U.S. Bureau of Labor Statistics as "a measure of the average change over time in the prices paid by urban consumers for a typical basket of consumer goods and services." The BLS records the prices of thousands of goods and services month after month. It divides goods and services into eight main categories: food and beverages, housing, clothing, transportation, medical care, recreation, education, and other goods and services. It aggregates the collected data to determine the cost for a consumer of the same typical basket of goods and services in a given month or year compared to the cost of the previous month or year.
Since the CPI is used to calculate U.S. inflation, it influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security contributions, and pensions are all affected by the CPI.
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