Price of Green Beans to Gas-What the Latest CPI Shows

Price of Green Beans to Gas-What the Latest CPI Shows

The latest Consumer Price Index report shows prices in the Western region of the U.S., which includes Wyoming along with 12 other states, to have increased .2 percent over the last month, and 1.3 percent from a year ago. Jacqueline Midkiff, Regional Economist with the Bureau of Labor Statistics:

The CPI measures inflation in the cost of goods and services. A “healthy economy” has a CPI that is neither “too high” nor “too low.” And while the latest CPI figures for the West aren't exactly “just right” Jacqueline adds they are an improvement from where they were recently:

And the 1.3 percent increase over the last 12 months is still lower than ideal—she says around 4% signals a healthy rate of growth. And while the CPI is only one indicator of economic growth, it is one of the more closely watched and measured statistics:

Over the past year, the 1.3 percent CPI increase in the Western region of the U.S. was the lowest in the country; the Midwest was the highest at 1.8 percent.

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