Consumer Price Index (CPI)
What is the CPI?
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a fixed market basket of consumer goods and services from A to Z. The CPI provides a way for consumers to compare what the market basket of goods and services costs this month with what the same market basket cost a month or a year ago.
What is Connecticut’s CPI?
Actually, Connecticut does not have a CPI. There are, however, two other figures that Connecticut businesses use:
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Boston-Brockton-Nashua Index*
Nov. 2011 |
Northeast Index**
Dec. 2011 |
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All Items
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% change from 12 months ago
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All Items
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% change from 12 months ago
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| 245.030 |
2.9
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241.987 | 2.9 |
*these figures are computed on a bi-monthly basis
**these figures are computed on a monthly basis
What is the U.S. City Average?
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U.S. City Average**
Dec. 2011 |
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All Items
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% change from 12 months ago
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| 225.672 | 3.0 |
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Chained Consumer Price Index**
Dec. 2011 |
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All Items
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% change from 12 months ago
|
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| 129.719(I) |
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**these figures are computed on a monthly basis
(I) – Initial
(U) – Interim
I need more information on the CPI…
For more information on the Consumer Price Index (CPI), we suggest that you visit the Bureau of Labor Statistics Web site at http://www.bls.gov.