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| The United States Consumer Price Index (CPI) estimates of
the nationwide rate of inflation both month-to-month and annually for a
standard selection of goods and services. This information can be used to
adjust wages or rents, and to measure whether revenues or incomes are
keeping pace with other price increases. Calculating the percentage change
between two index numbers provides an estimate of the rate of inflation or
deflation.
For more detailed information on the Consumer Price Index and how to use it, see the United States Bureau of Labor Statistics Consumer Price Index website at http://stats.bls.gov/cpihome.htm |
The ACCRA Cost of Living Index measures living cost differences among about 300 cities throughout the United States. The research is conducted and published quarterly. The average of all participating places is set at 100, and each city’s index is read as a percentage of the average. For more information about this index, visit www.accra.org.
It is important to note that the ACCRA index does not measure inflation (price change over time). The U.S. Bureau of Labor Statistics publishes the U.S. Consumer Price Index (CPI), a commonly-used measure of inflation. Visit http://stats.bls.gov/news.release/cpi.toc.htm to find out more about the CPI.
ACCRA - American Chamber of Commerce Researchers Association
