The consumer price index (CPI) is an index of inflation or deflation that measures prices of consumer goods. It is published monthly by the U.S. Department of Labor. The figure released each month is the amount in percent that prices have risen or fallen compared to prices one year ago. CreditPulse tracks the CPI-U for All Urban Consumers. Currently, the Consumer Price Index stands at 1.2%. CPI data for Aug 2010 will be released September 17th.
U.S. Consumer Price Index Rises to 5%
July 16, 2008
Hello inflation? The Consumer Price Index (CPI) reaches 5 percent from the 4.2 percent figure recorded last month, according to data released earlier this morning from the U.S. Department of Labor. This is the highest level for the CPI since the 5.3 percent increase in February 1991.
The CPI increased 5 percent in June from the previous level recorded in June 2007. As a result, prices have now entered the 5 percent range for the first time in 17 years, perhaps, the firmest indication yet that difficult times are on the horizon.
