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A measure of average price changes for a basket of consumer goods and services. It is commonly used to track inflation.
The basket and weights reflect a population’s spending patterns. Headline CPI includes all covered categories; core measures may exclude volatile categories. Month-on-month and year-on-year changes answer different questions.
A 0.2% monthly CPI rise is different from a 2.5% rise over the previous year.
Explore the difference between prices and purchasing power.
The same basket would cost 11,592.74 currency units then.
A constant annual price change, compounded annually. Money earns no interest. Purchasing power is measured in today’s currency units. Negative inflation means falling prices. Your actual spending basket may differ.
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