Consumer Price Index (CPI) Definition | Becker

Accounting Dictionary

Consumer Price Index (CPI)

The consumer price index is an index that is used to adjust for inflation. It is designed to measure the effect of price changes on the cost of a typical basket of goods purchased by urban consumer households. The current base (100) year for the consumer price index is 1982�1984. Inflation is the CPI of the current period less the CPI of the previous period, divided by the CPI of the previous period times 100.

Back to Dictionary

Now Leaving Becker.com

You are leaving the Becker.com website. Once you click “continue,” you will be brought to a third-party website. Please be aware, the privacy policy may differ on the third-party website. Adtalem Global Education is not responsible for the security, contents and accuracy of any information provided on the third-party website. Note that the website may still be a third-party website even the format is similar to the Becker.com website.

Continue