Calculating the consumer price index is based on a basket which includes all goods and ... consumption expenditure in the base year. For example if a household did not buy a durable consumer good in ...

The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and ... while balancing the other. For example, in response to the COVID-19 pandemic ...

The Consumer Price Index For All Urban Consumers (CPI-U) measures changes in U.S. consumer prices based on a representative basket of goods ... selected random sample of 94,000 prices collected ...