As of October 2021, the CPI was 276.589, meaning goods and services had gone up in price by an average of about 176.589% since 1984. The CPI doesn’t measure inflation or the cost of living directly.

Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

From April, rates will rise in line with the lower Consumer Prices Index (CPI) measure of inflation ... period is secured," he said. In his Budget speech, Mr Hammond said the move would help ...