The Consumers Price Index (CPI) has measured the rate of price change of goods and services purchased by individuals and families since 1914.
"The role of the CPI in
In the past 100 years the items measured have changed to reflect taste, lifestyle and income changes of households. The basket of goods measured has increased from about 65 in 1914 to more than 700 today.
"At the start they were looking at things like a hundred-weight sack of coal, tinned herrings and laundry 'blue'.
"Some of the other things no longer measured include offal, telegrams and LP records, while recent additions are frozen chicken nuggets, flat bread, tablet computers and e-books," Ms Wagner says.
More information on the Consumers Price Index and how it has changed is available on the
Most Popular Stories
- Study: Recessions Can Postpone Motherhood Forever
- Tim Cook Has Proved That Apple is His Baby
- Hispanic Entrepreneurs Short-changed in Texas
- China Approves iPhone 6 After Security Assurances
- U.S. Home Prices Rose at Slowest Pace in 20 Months
- Meet the YouTube Tech Review Sensation
- Who Is Daniel Ivascyn?
- PBS Series Examines America's Demographic Shift
- Hispanics Carry Big Clout: Census
- Netflix Eyes Hollywood With Feature Film