According to the U.S. Bureau of Labor Statistics (BLS), the Consumer Price Index formula is: CPI = Price of the market basket in a year / Price in the base year * 100.

“The Consumer Price Index in the United States averaged 124.59 points from 1950 until 2024, reaching an all-time high of 314.80 points in August of 2024 and a record low of 23.50 points in ...