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How to find inflation rate from cpi

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how to find inflation rate from cpi Decoding Inflation: Unraveling the Secrets of CPI   In the ever-evolving landscape of personal finance and economic stability, understanding the intricacies of inflation is crucial.  One of the key metrics used to measure and track inflation is the Consumer Price Index (CPI), a powerful tool that provides invaluable insights into the cost of living and the purchasing power of your hard-earned money.   Demystifying the Consumer Price Index (CPI) The Consumer Price Index (CPI) is a comprehensive measure of the average change in prices paid by consumers for a basket of goods and services over time. This basket includes a wide range of items, from food and housing to transportation, healthcare, and entertainment.  By tracking the fluctuations in the prices of these goods and services, the CPI serves as a reliable indicator of the overall rate of inflation.   Calculating the Inflation Rate from CPI To determine the inflation rate f...