![]() This expense may be a mortgage or rent, and it is typically the single biggest expense for consumers. Housing is considered a necessity, an essential cost of living that cannot be avoided. What’s includedĬost of living calculations are based on various key necessities and expenses. ![]() The CPI does not, however, include costs associated with income taxes or money consumers spend on investments like stocks, bonds or life insurance. It also includes such consumer expenses as water and sewer service fees and sales and excise taxes. This index measures changes in prices for goods and services purchased by urban households. Bureau of Labor Statistics publishes the widely referenced Consumer Price Index, or CPI.
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