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Consumer Price Index

CPI Home

January 2023 CPI weight update
  • Starting with January 2023 data, the BLS plans to update weights annually for the Consumer Price Index based on a single calendar year of data, using consumer expenditure data from 2021. This reflects a change from prior practice of updating weights biennially using two years of expenditure data.

The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.

Notices

Charts

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Latest Numbers

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Consumer Price Index (CPI): -0.1% in Dec 2022 News Release Historical Data

Unemployment Rate: 3.4% in Jan 2023 News Release Historical Data

Payroll Employment: +517,000(p) in Jan 2023 News Release Historical Data

Average Hourly Earnings: +$0.10(p) in Jan 2023 News Release Historical Data

Producer Price Index - Final Demand: -0.5%(p) in Dec 2022 News Release Historical Data

Employment Cost Index (ECI): +1.0% in 4th Qtr of 2022 News Release Historical Data

Productivity: +3.0% in 4th Qtr of 2022 News Release Historical Data

U.S. Import Price Index: +0.4% in Dec 2022 News Release Historical Data

U.S. Export Price Index: -2.6% in Dec 2022 News Release Historical Data

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News Releases

CPI for all items falls 0.1% in December as gasoline decreases

01/12/2023

In December, the Consumer Price Index for All Urban Consumers decreased 0.1 percent, seasonally adjusted, and rose 6.5 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in December (SA); up 5.7 percent over the year (NSA).
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Next Release

January 2023 CPI data are scheduled to be released on February 14, 2023, at 8:30 A.M. Eastern Time.
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Publications

The Economics Daily

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Consumer Price Index: 2022 in review

Consumer prices for all items rose 6.5 percent from December 2021 to December 2022. Food prices increased 10.4 percent, reflecting an 11.8-percent increase in prices for food at home and an 8.3-percent increase in prices for food away from home. read more »

Spotlight on Statistics

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Inflation Experiences for Lower and Higher Income Households

This Spotlight presents consumer price indexes for groups of households at the lowest and highest end of the income distribution for urban households to examine how different spending patterns can change measures of inflation. read more »

Beyond the Numbers

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Exploring price increases in 2021 and previous periods of inflation

Measures of price change in the U.S. recently experienced the largest period of inflation since 2008. Ongoing complications of the coronavirus pandemic contributed to this. In 2021, a semiconductor shortage caused decreased production in a variety of industries. Port congestion resulted in product delivery delays and to substantial supply shortfalls, causing upward price pressure. To gain perspective on recent trends, this article turns to past periods of high inflation. read more »

Monthly Labor Review

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PPI and CPI seasonal adjustment during the COVID-19 pandemic

The CPI and PPI mitigated the effects of the COVID-19 pandemic on their seasonally adjusted price indexes. read more »