2024 E-Insights Report
Consumer Price Index
Consumer Price Index
Competitive Position
About: The 12-month percentage change of Consumer Price Index (CPI) for MSAs*. CPI tracks
variation in prices paid by typical consumers for retail goods and other items on
a quarterly basis.
Source: U.S. Bureau of Labor Statistics.
*Due to unavailability of data, only Tampa–St. Petersburg-Clearwater MSA is considered
for the analysis of this indicator.
- Across various MSAs, there is a significant surge in the Consumer Price Index (CPI)
from around 2021, peaking in 2022, indicating potential inflationary trends. All MSAs
initially experienced a CPI downturn at the start of the pandemic, followed by a recovery
that
surpassed pre-pandemic levels. - As of the second quarter of 2023, there’s an indication of a potential decline in CPI changes across most MSAs, although remaining positive, suggesting a potential slowdown in the rate of price increases.