what is the current cpi

According to the Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6 percent in August 2023 on a seasonally adjusted basis, after increasing 0.2 percent in July. The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 3.7 percent over the last 12 months. As of September 2023, Trading Economics projects that the Consumer Price Index CPI in the United States is expected to be 305.70 points by the end of this quarter. The CPI reflects spending patterns for each of two population groups: all urban consumers and urban wage earners and clerical workers. The CPI-U is used as the headline inflation rate in the United States.