This question is about consumer price index.

What happens when CPI increases?

By Zippia Team - Dec. 7, 2022

When CPI increases, it shows an increase in the average change in prices over time. In turn, these numbers can lead to adjustments in the cost of living and income, especially if they aren't keeping up with rising CPI.

For example, if the CPI increases by 8.2%, but your wages remain stagnant, this would eventually lead to an increase in the cost of living, as goods are increasing in price faster than your pay increases.

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