The Consumer Price Index “is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services,” according to the Bureau of Labor Statistics (BLS), which issues the monthly report.

Measuring inflation takes resources, but both the public and the U.S. government itself benefit from having an accurate read on price changes.

US headline CPI rose to 2.9% year-over-year, up from 2.7% in July - in line with expectations and the highest level since January. Core CPI was at 3.1% year-over-year, unchanged from July.

The current formula for Social Security's cost-of-living adjustments (COLA) is under scrutiny for failing to keep pace with retirees' expenses. Experts and seniors advocate for a shift to the Consumer Price Index for the Elderly (CPI-E) to better reflect their financial realities and ensure adequate benefit increases.

U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut. The consumer price index ...

According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index was at 2.4% year-over-year, up from 2.3% in April but lower than the expected 2.5% growth. Additionally, core CPI remained at a four-year low at 2.8% year-over ...