CPI (Consumer Price Index)
Planning & BudgetingA measure tracking the average change in prices paid by consumers for a basket of goods and services — the most common inflation indicator.
Example
Example: For someone earning $60,000/year trying to build a solid financial plan, understanding cpi (consumer price index) is a key piece of the puzzle. Applied to a monthly budget, this concept could help you save an extra $200-$500/month. Build your plan with our 50/30/20 budget calculator.