Which U.S. government agency maintains the Consumer Price Index (CPI), the primary tool for tracking retail price changes that influences numerous government policies and programs?

In recent years, governments have increasingly used big data analytics to monitor retail pricing and economic trends to inform policy decisions. Various federal agencies track consumer pricing data to help shape economic policies, monitor inflation, and ensure market stability. This initiative has become particularly important for legislative bodies making decisions about economic stimulus, trade policies, and consumer protection laws. Test your knowledge about how the U.S. government tracks retail pricing data for policy development.

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Bureau of Labor Statistics (BLS)
Consumer Financial Protection Bureau (CFPB)
Federal Trade Commission (FTC)
Government Accountability Office (GAO)