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California Consumer Price Index
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US-OL1904
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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
On the basis of these inflation forecasts, average consumer price inflation should be 4.1% in 2023 and 4.0% in 2024, compared to 9.59% in 2022 and 2.44% in 2021.
The monthly CPI indicator rose 5.4% in the twelve months to June, slightly lower than the rise of 5.5% in May. The annual movement for the monthly CPI excluding volatile items and travel rose 6.1% in June, down from the rise of 6.4% in May.
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
A California CPI is calculated by the California Department of Finance as a population-weighted average of the BLS-published local area CPIs. The California CPI formula was developed by the California Department of Industrial Relations.
Basic Info. US Consumer Price Index is at a current level of 307.48, up from 306.27 last month and up from 296.54 one year ago. This is a change of 0.40% from last month and 3.69% from one year ago.
Follow these steps to properly calculate CPI: Gather prices for common products or services in the past. ... Collect prices for current products or services. ... Add the product prices together. ... Divide the current product price total by the past price total. ... Multiply the total by 100. ... Convert this number into a percentage.
Inflation peaked at 9.1% in June 2022, marking a 40-year high. Now, a year later, prices have started to cool, with inflation falling to 4.9% in April 2023.
The 12-month CPI inflation rate fell to 3.2% from 3.7% in September. Economists had expected the inflation rate to dip to 3.3%. The core CPI, which strips out volatile food and energy prices, rose 0.2% vs. September levels, trailing 0.3% estimates. The annual core inflation rate ticked down to 4% vs. forecasts of 4.1%.