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Consumer Price Index explained
The CPI measures the average change in prices paid by U.S. consumers for a representative basket of goods and services, serving as a key gauge of inflation for policymakers, financial markets, businesses, and consumers. Related articles cover the hotter‑than‑expected October CPI, differences between PPI and CPI, the interaction of inflation and interest rates, inflation targeting by central banks, investment impacts of inflation, and the Federal Reserve’s dual mandate.