CAMPUS PROFILE GLOSSARY
November 2023
Consumer Price Indices
A Consumer Price Index is the ratio of the cost of a basket of goods in the current year divided by the cost of the same basket in a base year. If the CPI is 2.0, for example, it means that prices are double those in the base year. It is used most often to convert dollar amounts from different years to numbers which can be compared directly.
Prior to November, 1997, the CPI used in the Campus Profile was based on 1967 prices. We decided to switch to the 1982-84 base because the Federal government switched a few years ago and it has been increasingly difficult to find the CPI stated relative to 1967.
Below is a table showing the CPI using both bases for the fiscal years FY70-FY04. CPI for current year is estimated.
Data extracted November 2023 Source: Bureau of Labor Statistics Consumer's Price Index, All-Urban Consumers Series ID: CUUR0000SA0 Fiscal CPI CPI Year Base=1982-84 Base=1967 ===== ============ ========= 1970 .37775 1.131 1971 .39725 1.190 1972 .41150 1.233 1973 .42808 1.283 1974 .46625 1.397 1975 .51792 1.552 1976 .55458 1.662 1977 .58692 1.758 1978 .62633 1.877 1979 .68500 2.053 1980 .77633 2.327 1981 .86625 2.596 1982 .94108 2.820 1983 .98150 2.942 1984 1.01783 3.049 1985 1.05767 3.167 1986 1.08817 3.260 1987 1.11233 3.338 1988 1.15842 3.473 1989 1.21192 3.630 1990 1.26975 3.803 1991 1.33917 3.939 1992 1.38208 4.140 1993 1.42525 4.269 1994 1.46217 4.301 1995 1.50408 4.395 1996 1.54500 4.545 1997 1.58908 4.760 1998 1.61700 4.845 1999 1.64500 4.929 2000 1.69300 5.071 2001 1.75100 5.245 2002 1.78200 5.337 2003 1.82100 5.455 2004 1.86100 5.575 2005 1.91700 5.742 2006 1.99000 5.960 2007 2.04100 6.115 2008 2.11700 6.342 2009 2.14700 6.427 2010 2.16700 6.492 2011 2.18700 6.557 2012 2.27600 6.817 2013 2.31400 6.930 2014 2.35000 7.039 2015 2.36700 7.090 2016 2.38300 7.138 2017 2.42700 7.269 2018 2.48100 7.433 2019 2.53300 7.587 2020 2.57200 7.705 2021 2.61100 7.883 2022 2.82000 8.448 2023 2.99700 8.977 2024 3.17400 9.506 (estimate)