The Consumer Price Index (CPI) measures the average change over time in prices paid by urban consumers for a basket of goods and services, serving as a key indicator of inflation. In the United States, the Bureau of Labor Statistics (BLS) publishes monthly CPI data.
As of January 2025, the U.S. CPI increased by 0.5%, indicating rising inflationary pressures. Federal Reserve Chair Jerome Powell acknowledged these concerns but emphasized the strength of the labor market and the Fed’s commitment to its goals of maximum employment and stable prices.
Globally, inflation trends vary. In February 2025, China’s CPI fell by 0.7% year-on-year, marking the first decline in over a year. This decrease is attributed to factors such as the early timing of the Lunar New Year and cautious consumer spending.
In India, as of April 2024, the inflation rate stood at 4.83%, showing a modest reduction from the previous figure of 5.69% in December 2023. The CPI for January, February, and March 2024 were 5.10%, 5.09%, and 4.85%, respectively.
For the most current and detailed CPI data, it’s advisable to consult official statistical agencies or financial news outlets