The Oregon Consumer Price Index (CPI) is a measure of inflation that gauges the average price change over time for a basket of goods and services commonly purchased by households in Oregon. It serves as an essential economic indicator, providing insights into the cost of living and the purchasing power of consumers within the state. The Oregon CPI is compiled and published monthly by the Oregon Employment Department's Labor Market and Information Division. The Oregon CPI reflects changes in prices for various categories, including housing, transportation, food, clothing, healthcare, education, communication, recreation, and other goods and services that Oregonians typically consume. It tracks the fluctuations in prices at both the state and regional levels, allowing policymakers, economists, businesses, and individuals to better understand and plan for the impact of inflation on various aspects of the economy. Different types of Oregon Consumer Price Index include: 1. All Items CPI: This measures the average price change for all goods and services within the consumer market basket. 2. Core CPI: This index excludes volatile food and energy prices, providing a more stable measure of inflation. 3. CPI-U: This index represents the Consumer Price Index for All Urban Consumers, encompassing both wage earners and clerical workers, regardless of location. 4. CPI-W: This index represents the Consumer Price Index for Urban Wage Earners and Clerical Workers. It focuses on the spending patterns of households with at least half their income derived from clerical or wage occupations. 5. CPI-E: This experimental index, known as the CPI for the Elderly, focuses on the spending patterns of households headed by individuals aged 62 years or older. The Oregon CPI plays a crucial role in various aspects, such as calculating cost-of-living adjustments for government benefits, wage negotiations, and budgeting. It helps individuals and households to evaluate their purchasing power, make informed financial decisions, and adjust their budgets accordingly. Additionally, businesses utilize the CPI data to analyze and adjust pricing strategies, forecast future demand, and estimate the impact of inflation on their profitability. Overall, the Oregon CPI provides an accurate measure of inflation and empowers both policymakers and individuals to understand the changing economic landscape, make informed decisions, and adapt to the ever-evolving price dynamics within the state.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Oregon Índice de precios al consumidor - Consumer Price Index
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(1) The West region includes the Mountain and Pacific divisions. The Mountain division includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. The Pacific division includes Alaska, California, Hawaii, Oregon, and Washington.
Consumer Price Index, Los Angeles area ? September 2023 MonthAll itemsAll items less food and energyDec 20224.94.5Jan 20235.84.5Feb 20235.14.5Mar 20233.74.333 more rows
The annual inflation rate for the United States was 3.7% for the 12 months ended September, ing to U.S. Labor Department data published on Oct. 12, 2023. This was the same as the 3.7% in the previous period.
Not seasonally adjusted CPI measures The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.7 percent over the last 12 months to an index level of 307.789 (1982-84=100). For the month, the index increased 0.2 percent prior to seasonal adjustment.
Basic Info. US Inflation Rate is at 3.70%, compared to 3.67% last month and 8.20% last year.
Over the past year the aggregate cost of good and services is up around 5% from this time last year; however, the pace of inflation peaked in the summer of 2022 at around 9%. Despite this improvement, we likely will not see the pace of inflation get back to the Federal Reserve's target rate of around 2% in 2023.
Over the year ended September 2023, the Consumer Price Index for All Urban Consumers increased 3.7 percent (not seasonally adjusted). Food prices were 3.7 percent higher than a year ago, and energy prices were 0.5 percent lower. Prices for all items less food and energy rose 4.1 percent over this 12-month period.
Over the past year the aggregate cost of good and services is up around 5% from this time last year; however, the pace of inflation peaked in the summer of 2022 at around 9%. Despite this improvement, we likely will not see the pace of inflation get back to the Federal Reserve's target rate of around 2% in 2023.