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Congressional Digest February 2023 No. 2 Vol. 101
Measuring Inflation

Inflation

Pros and Cons of Inflation Policy

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Measuring Inflation

The government has a tried-and-true method for tracking prices

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor Statistics [BLS] reported. Over the last 12 months, the all items index increased 6.5 percent before seasonal adjustment. …

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