|This week||Month ago||Year ago|
|Consumer Price Index||288.70||287.70||264.80|
What it means: Published by the Bureau of Labor Statistics, the Consumer Price Index measures the change in prices paid by consumers for a representative group of products and services.
How it's used: The Consumer Price Index (CPI) measures inflation at the consumer level. The CPI is used as an economy-wide measure of inflation and is used to determine annual cost of living adjustments to Social Security payments and employee paychecks.