In 2023, the consumer price index (CPI) was 304.7. Data represents U.S. city averages.
The monthly inflation rate for the United States can be found here.
United States urban Consumer Price Index (CPI)
The U.S. Consumer Price Index is a measure of change in the price of consumer goods and services purchased by households. The CPI is defined by the United States Bureau of Labor Statistics as "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." To calculate the CPI, the Bureau of Labor Statistics considers the price of goods and services from various categories: housing, transportation, apparel, food & beverage, medical care, recreation, education and other/uncategorized. The CPI is a useful measure, as it indicates how the cost of urban living in the United States has changed over time, compared to a base period. CPI is also used to calculate inflation, or change in the purchasing power of money.
According to the U.S. Bureau of Labor Statistics, the U.S. urban CPI has been rising steadily since 1992. As of 2023, the CPI was 304.7, up from 233 ten years earlier and up from 184 twenty years earlier. This indicates the extent to which, compared to a base period 1982-1984 = 100, the price of various goods and services has risen.
Consumer Price Index (CPI) of all urban consumers in the United States from 1992 to 2023
The data represents U.S. city averages. The base period was 1982-84=100. A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households. The CPI is defined by the United States Bureau of Labor Statistics as "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services."
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Bureau of Labor Statistics. (February 15, 2024). Consumer Price Index (CPI) of all urban consumers in the United States from 1992 to 2023 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/190974/unadjusted-consumer-price-index-of-all-urban-consumers-in-the-us-since-1992/
Bureau of Labor Statistics. "Consumer Price Index (CPI) of all urban consumers in the United States from 1992 to 2023." Chart. February 15, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/190974/unadjusted-consumer-price-index-of-all-urban-consumers-in-the-us-since-1992/
Bureau of Labor Statistics. (2024). Consumer Price Index (CPI) of all urban consumers in the United States from 1992 to 2023. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/190974/unadjusted-consumer-price-index-of-all-urban-consumers-in-the-us-since-1992/
Bureau of Labor Statistics. "Consumer Price Index (Cpi) of All Urban Consumers in The United States from 1992 to 2023." Statista, Statista Inc., 15 Feb 2024, https://www.statista.com/statistics/190974/unadjusted-consumer-price-index-of-all-urban-consumers-in-the-us-since-1992/
Bureau of Labor Statistics, Consumer Price Index (CPI) of all urban consumers in the United States from 1992 to 2023 Statista, https://www.statista.com/statistics/190974/unadjusted-consumer-price-index-of-all-urban-consumers-in-the-us-since-1992/ (last visited October 31, 2024)
Consumer Price Index (CPI) of all urban consumers in the United States from 1992 to 2023 [Graph], Bureau of Labor Statistics, February 15, 2024. [Online]. Available: https://www.statista.com/statistics/190974/unadjusted-consumer-price-index-of-all-urban-consumers-in-the-us-since-1992/