How are prices monitored to track inflation?

How are prices monitored to track inflation?

We talk about inflation all the time. When the prices of goods and services increase or decrease, we feel it in our wallets. But how does our country track trends? NBC Responds got a behind-the-scenes look at the work community members do to collect this data. Every month, the U.S. Bureau of Labor Statistics releases updated Consumer Price Index data tracking the cost of a variety of goods and services from the past month. Federal workers canvas…