Consumer Price Index. CPI is the government’s “most important” statistic Announced monthly by Bureau of Labor Statistics Measures changes in prices of goods and services over time Affects elections, economy, government policies, Social Security, pensions
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(3660/1525) x 100 = 240.00
= 2001 dollars * (2011 CPI/2001 CPI)
= $25,371 * (224.939/177.1) = $32,224
= $42,690 * (177.1/224.939) = $33,611