Frequently Asked Questions

What is it?

• The Consumer Price Index (CPI) SA (Seasonally Adjusted) measures changes in the price level of a market basket of consumer goods and services purchased by households. This indicator value represents the trailing year over year % change in the CPI index as of last month-end.

Why is it important?

• CPI measures inflation in the US Economy which can decrease the purchasing power of a consumer and decrease the demand for goods and services.

How do we interpret it?

• Rising value levels indicate increasing inflation. Decreasing value levels indicate the opposite.

Typical historical range

• As of December 31, 2023, +/- 1 standard deviation* of historical month-end values have ranged from 0.63% to 6.44%.¹