CPI-U Formula The more common CPI-U calculation ... The Bottom Line The Consumer Price Index measures the average change in prices paid by consumers over time for a basket of goods and services.

The Consumer Price Index “is a measure of the average change ... Even some economists at the Federal Reserve choose to leave them out of the equation to come up with a more constituent view ...

This study argued that conventional methods and hedonic regression techniques can yield similar growth parameter estimates, suggesting that the choice of price index formula may not be as critical ...

Tom Werner / Getty Images The Consumer Price Index (CPI) is considered one of the most fundamental and critically important economic indicators used to measure inflation. A CPI is used not only in ...