Cost of Living
Produced by the Bureau of Labor Statistics, the Consumer Price Index (CPI) is a measure estimating the average price of consumer goods and services purchased by households over time. It is based on the price change for a constant market basket of goods and services from one period to the next within a given region. The first link is a report that provides the CPI for the Kansas City metropolitan area from the first half of 2009 to the first half of 2010. The second link explains, in more, detail about what the Consumer Price Index is.
Taken from the annual report generated by Council for Community and Economic Research (C2ER), the Cost of Living Index offers city-to-city comparisons of costs of various types of goods and services in several hundred urban areas. The data used to generate the report featured on the Missouri Economic Research and Information Center’s website uses the information from the C2ER’s report, and has interpreted it into a graph and map to show how Missouri stacks up against the rest of the nation and how Kansas City fares among other cities in Missouri.
The full report may be accessed for an additional fee from C2ER’s website.