I saw something that said passage of the levy would allow the district’s expenditure increases to keep up with the Consumer Price Index. What is the Consumer Price Index and how does it relate to expenses?
(Return to questions list.) A. The Consumer Price Index (CPI) is one of the most closely watched economic statistics in the nation. It is determined by taking a standard group of goods and services that would be purchased by a typical urban consumer and measuring the price change of those goods and services from one period to the next. The CPI can be determined within the same city, region or nation and its percent change over time is used to estimate inflation for various costs that a business might incur. Simply put, passage of the operating levy would allow the district to keep up with annual inflationary cost increases that are driven by the marketplace.
Related Questions
- I saw something that said passage of the levy would allow the district’s expenditure increases to keep up with the Consumer Price Index. What is the Consumer Price Index and how does it relate to expenses?
- What do the slower consumer price index (CPI) increases in the last three months tell us?
- Are Increases in the Consumer Price Index What Inflation Is All About?
