To calculate the Consumer Price Index between two years in Excel, take a sum of all the amounts spent on the basket of products over those two years. Then use the following formula to find the CPI ...

Every month, the U.S. Bureau of Labor Statistics publishes a new CPI figure, which can be used to calculate the real value of a dollar at a point in time. The index works as a multiple of the ...

For example, say you paid $5,000 in cash for a select good in May 1989. The calculator reveals that in October 2021 you would have needed $11,170.80 to match the buying power of that $5,000 back ...

The CPI is measured using a base year which acts as the starting point.To calculate the CPI, we consider the basket increasing price in 1 year and divide it by the price of the market basket of ...