Consumer Price Index - Calculating Index Changes

Movements of the indexes from one period to another are usually expressed as percent changes rather than changes in index points because index point changes are affected by the level of the index in relation to its base period while percent changes are not. This example illustrates the computation of index points and percent changes.
Step 1:
Calculating the index point change:
CPI- Anchorage 2015
Less CPI for previous period- Anchorage 2014
Equals index point change 1.104

Step 2:
Calculating the percent change:
Index point difference Divided by the previous index (Anchorage 2014) 1.104 / 215.805
= 0.0051157
Results multiplied by 100
Percent change (Anchorage CPI 2014)
0.0051157 *100 = 0.51157
0.5 (rounded 0.51157)