Inflation
Data Table
Explanation
The Consumer Price Index (CPI) is a measure of the average change in cost for a fixed market basket
of goods and services purchased by urban consumers over time. It is commonly used as a measure of inflation.
Inflation in the Seattle-Tacoma-Bellevue Metropolitan Statistical Area closely follows that of the western United States and the nation as a whole. Prices in 2024 increased 2.9% from 2023. The Federal Reserve bank aims for an inflation rate of 2% to balance a growing economy with stable prices.
Source
- U.S. Bureau of Labor Statistics