What Is the Consumer Price Index (CPI) Formula And How Is the Consumer Price Index Used in Business? - 2024 - MasterClass
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What Is the Consumer Price Index (CPI) Formula And How Is the Consumer Price Index Used in Business?

Written by MasterClass

Last updated: Oct 12, 2022 • 4 min read

Throughout the calendar year, economists and government regulators track the overall health of their respective nation’s economy. In the United States, entities such as the Bureau of Labor Statistics and the United States Federal Reserve keep tabs on a variety of economic indicators in order to assess trends and strategize for the economic future.