The Consumer Price Index (selected years)
year
CPI
year
СРІ
year
CPI
year
CPI
1940 14.0
1990 130.7
1995 152.4
2000 172.2
1950 24.1
1991
136.2
1996 156.9
2001 | 177.1
1960 29.6
1992 140.3
1997 160.5
2002 179.9
1970 38.8
1993 | 144.5
1998 163.0
2003 184.0
1980 82.4
1994 | 148.2
1999 166.6
2004 188.9
The consumer price index (CPI) is a measure of the average change of prices paid by urban consumers for goods and services. If a
worker earned $18.50 per hour in the year 1990, how much would he need to earn in 2004 to have the same buying power as he did
in 1990?