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How to Calculate Inflation Rate and Consumer Price Index (CPI)

Learn how to calculate inflation rate and how to calculate consumer price index (CPI) with Ryan O'Connell, CFA, FRM. This video provides a clear and concise guide, starting with the definition of CPI and inflation rate in macroeconomics. You'll discover how to calculate the price of a basket of goods and then move on to calculate Consumer Price Index (CPI). Finally, we'll cover the steps to accurately calculate inflation rate, ensuring you have a solid understanding of these essential economic concepts. 🎓 Get 25% Off CFA Courses (Featuring My Videos!) — Use code RYAN25 here: 👉 https://ryano.finance/cfa 📈 See Why I Recommend This Broker: https://ryano.finance/ibkr-overview Chapters: 0:00 - Definition of CPI and Inflation Rate 0:31 - Calculate the Price of a Basket of Goods 2:08 - Calculate Consumer Price Index (CPI) 4:16 - Calculate Inflation Rate *Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.