how to use cpi to calculate salary increase

Thank you! The Consumer Price Index (CPI) is a measure of changes in product costs over a specific time period, and it is used as both an indicator of the cost of living and economic growth. The inflation rate is an attempt to quantify inflation and is based on the rise of the Consumer Price Index (CPI). Let us say you have been approached with an opportunity for a new job and they offer you $60,000 instead of your current $50,000 salary. This should include the population coverage (CPI-U or CPI-W), area coverage (U.S. City Average, West Region, Chicago, etc. After all, as prices rise, wages also tend to rise, thereby offsetting at least a portion of the effects of inflation.The Consumer Price Index is compiled by the Bureau of Labor Statistics (BLS). Thanks to all authors for creating a page that has been read 878,934 times.wikiHow is where trusted research and expert knowledge come together. You need three things to run a CPI calculation: the amount of rent you're presently paying, the last CPI figure published before the rent increase date, and the last CPI figure published before the least start date or whatever base date is being used. Note that the Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. It's not the lending institution's fault that expertly designed sales presentations entice us into buying on credit (instant gratification), instead of saving up to pay cash for our purchases.Move the slider to left and right to adjust the calculator width. {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/f\/f5\/Calculate-CPI-Step-1-Version-4.jpg\/v4-460px-Calculate-CPI-Step-1-Version-4.jpg","bigUrl":"\/images\/thumb\/f\/f5\/Calculate-CPI-Step-1-Version-4.jpg\/aid1372409-v4-728px-Calculate-CPI-Step-1-Version-4.jpg","smallWidth":460,"smallHeight":345,"bigWidth":"728","bigHeight":"546","licensing":"