CPI (Consumer Price Index) Definition | Finance Strategists | Your Online Finance Dictionary

The Consumer Price Index, or CPI, is a metric which measures inflation by calculating the price change for a basket of goods. “Basket of goods” in this context refers to goods associated with the cost of living: transportation, food, medicine, energy, etc. The CPI establishes the prices during a base year, and calculates the price increase or decrease of the same goods during a later year. CPI is one of the primary metrics used to identify periods of inflation or deflation. It can also be used to estimate the purchasing power of a country’s currency. _______________________ 0:00 Consumer Price Index (CPI) Definition 0:46 How to Calculate CPI 1:04 CPI (Inflation) 1:32 CPI Indexes 2:05 CPI Question & Application _______________________ Talk with an advisor by emailing [email protected] Learn more by visiting the page: https://www.financestrategists.com/te... Check out the main Finance Strategists YouTube Page here:    / @financestrategists4468   _______________________ Message from the founder: Here at Finance Strategists, we believe one of the best ways you can help someone is with their finances. We create helpful informational videos and content to help people take control of their finances. Finance Strategists plans to launch "Finance Strategists for Kids" where we teach fundamental financial concepts to kids in a clear manner allowing them to generate margin in their lives to bless other people. We believe raising up a generation of leaders with financial freedom can change individual lives, neighborhoods, countries, and the world. _________________________ 🔔 Hit the bell next to Subscribe so you don't miss a video! 📧 Fill out this form to receive the "Finance Word of the Day" in your inbox! 👨🏻‍💻 Watch our newest vids! - https://bit.ly/FS-Recently-Added 💃 To book Ranie for voiceover or spokeswoman, email [email protected] _________________________ Follow us on Socials: Website: FinanceStrategists.com Instagram: @financetrategists Twitter: @FinStrategists LinkedIn: https://bit.ly/FS-linkedin Facebook: https://bit.ly/Facebook-FS