Bureau of Labor Statistics. Inflation Rate: 1 Year Inflation Rate | Consumer Item: All items, 01/2014 - 12/2014. Data-Planet™ Statistical Datasets by Conquest Systems, Inc. Dataset-ID: 002-010-001
Dataset: Presents the percent change in seasonally adjusted Consumer Price Index (CPI), for the one-year period ending the month of coverage.
Inflation can be defined as the overall general upward price movement of goods and services in an economy. The Consumer Price Index (CPI) measures inflation as experienced by consumers in their day-to-day living expenses. (It is sometimes referred to as the retail price index.)' The CPI represents changes in prices of all goods and services purchased for consumption by urban households. Prices for the goods and services used to calculate the CPI are collected in 87 urban areas throughout the country and from about 23,000 retail and service establishments. Data on rents are collected from about 50,000 landlords or tenants. The weight for an item is derived from reported expenditures on that item as estimated by the Consumer Expenditure Survey. The inflation rate shown in this dataset is calculated from seasonally adjusted CPI as published by the Bureau of Labor Statistics.
http://www.usinflationcalculator.com/inflation/historical-inflation-rates/
Inflation is calculated from Bureau of Labor Statistics Consumer Price Index (CPI) data using the formula: 100*(C1)-(C2)/(C2) where C1 is CPI for month of coverage, and C2 is CPI for month three years prior to month of coverage.
Category: Prices, Consumption, and Cost of Living
Subject: Inflation Rate, Consumer Prices, Price Indexes
Source: Bureau of Labor Statistics
The Bureau of Labor Statistics (BLS) of the United States Department of Labor is the principal fact-finding agency for the federal government in the broad field of labor economics and statistics. The BLS is an independent national statistical agency that collects, processes, analyzes, and disseminates essential statistical data to the American public, the US Congress, other federal agencies, state and local governments, business, and labor. The BLS also serves as a statistical resource to the Department of Labor.
http://www.bls.gov/