#CryptoCPIWatch

The US CPI details market inflation statistics that updates every month. In the US, the Bureau of Labor Statistics (BLS) measures the changes in consumer market prices. The BLS publishes two indexes per month:

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- The CPI-U, which surveys urban consumers,

- and the CPI-W.

The CPI-U index covers urban consumers, over 90% of the US. The CPI-W surveys the approximate 30% of US citizens who work hourly jobs. The US CPI is the weighted average of a basket of goods. The basket represents US customer spending patterns on common goods.

The US CPI is also one of the most popular measures of inflation and deflation in the economy. It covers over 90% of the US population’s spending and uses over 94,000 price quotes to gather data.

It also calculates the rise (or fall) in rental prices in the US, covering over 43,000 housing units. Altogether, the CPI is useful in analyzing the cost of living and consumer spending ability. When the CPI is too high, it’s an indication the standard of living is diminishing