CPI inflation rate
Definition
The percentage change in the Consumer Price Index (CPI) over a specific period, typically used as a key measure of inflation reflecting average price changes for a basket of consumer goods and services.
An economic indicator calculated by comparing the CPI from one period (e.g., month or year) to another, often reported monthly by government agencies like the U.S. Bureau of Labor Statistics.
Examples
The CPI inflation rate jumped to 3.2%, turning my grocery run into a plot from a heist movie where I plot against rising avocado prices.
Analysts pored over the latest CPI inflation rate data like detectives hunting for clues in a mystery novel about vanishing purchasing power.
With the CPI inflation rate finally dipping below 2%, economists high-fived while I celebrated by splurging on name-brand ramen.
The stubborn CPI inflation rate had central bankers sweating more than a chef in a hot kitchen during rush hour.