Plain-English definitions for the terms you'll encounter on your financial journey.
A measure that examines the weighted average of prices of a basket of consumer goods and services. It is one of the most popular measures of inflation and cost-of-living changes.
Consumer Price Index is a measure used to track how the average prices of everyday goods like groceries and gas change over time, helping us understand the rate of inflation. Think of it like a monthly shopping basket check; if the total price of that basket goes up, your cost of living is rising.