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? The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.

The Consumer Price Index (CPI) consists of a family of indexes that measure price change experienced by urban consumers. Specifically, the CPI measures the average change in price over time of a market basket of consumer goods and services.

The CPI is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government economic policy.

Is it better if CPI is high or low? Low CPI implies low inflation, which you can see as a sign of a healthy economy with stable prices and economic growth. Most will prefer a lower CPI, which means lower inflation and keeps buying power strong, as the cost of goods and services remains relatively cheaper.

For the month, the index increased 0.2 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision. _______________ The Consumer Price Index for August 2023 is scheduled to be released on Wednesday, September 13, 2023, at a.m. (ET).

Not seasonally adjusted CPI measures The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.0 percent over the last 12 months to an index level of 305.109 (1982-84=100). For the month, the index increased 0.3 percent prior to seasonal adjustment.

The Consumer Price Index for All Urban Consumers rose 0.4 percent in February 2023 (seasonally adjusted) after rising 0.5 percent in January and 0.1 percent in December 2022.