Labels:earth | reckoner | sky OCR: U.S Inflation Since 1972 The Consumer Price Index (CPI) is the mosi commonly used method measure the nation's inflation rate measures prices of fixed list of items bought by typical consumer. The index sets 1982 -84 as the baseline years. The chart shows items costing $ at that time CPI 100 sold in 1977 for an average of about 60 cents pue in 1997 for 61 The CPI is widely used as cost-of-living benchmark to adjust Social Security payments union contracts and tax brackets 200 CPI 97 160.5 CPI 100 all urban consumers) Source: Bureau Labor Statistics U.S ofLabor most CPIs urbar Departmen
