Enter the cost of the market basket in the current period and the cost at a base period to calculate the inflation of the CPI.
Consumer Price Index Formula
The following formula is used to calculate the inflation of CPI over time.
CPI = Ct / C0 * 100
- Where CPI is the consumer price index
- Ct is the cost of market basket in current period
- C0 is the cost of market basket in base period
This is an index that measures the changes in prices of a selection of consumer goods over time.