#CPIandJoblessClaimsWatch #CPIandJoblessClaimsWatch CPIandJoblessClaimsWatch

The Consumer Price Index (CPI) and jobless claims are crucial economic indicators that help gauge the health of a country's economy.

*What is CPI?*

The CPI measures the average change in prices of a basket of goods and services consumed by households. It's a key indicator of inflation, which is a sustained increase in prices over time. The CPI basket includes items like ¹:

- *Food and beverages*

- *Housing*

- *Apparel*

- *Transportation*

- *Medical care*

- *Recreation*

- *Education and communication*

*How is CPI calculated?*

The CPI is calculated by dividing the value of the basket of goods today by the value from a year ago and multiplying by 100. This formula determines the overall inflation rate, which is