United States - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in United States was 124.27 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 124.27 in 2021 and a minimum value of 13.56 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 13.56
1961 13.71
1962 13.87
1963 14.04
1964 14.22
1965 14.45
1966 14.89
1967 15.30
1968 15.95
1969 16.82
1970 17.81
1971 18.57
1972 19.18
1973 20.36
1974 22.61
1975 24.68
1976 26.10
1977 27.79
1978 29.92
1979 33.28
1980 37.79
1981 41.70
1982 44.25
1983 45.68
1984 47.64
1985 49.33
1986 50.27
1987 52.11
1988 54.23
1989 56.85
1990 59.92
1991 62.46
1992 64.35
1993 66.25
1994 67.98
1995 69.88
1996 71.93
1997 73.61
1998 74.76
1999 76.39
2000 78.97
2001 81.20
2002 82.49
2003 84.36
2004 86.62
2005 89.56
2006 92.45
2007 95.09
2008 98.74
2009 98.39
2010 100.00
2011 103.16
2012 105.29
2013 106.83
2014 108.57
2015 108.70
2016 110.07
2017 112.41
2018 115.16
2019 117.24
2020 118.69
2021 124.27

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices