Market Basket Measure poverty thresholds and provisional poverty trends for 2021 and 2022

This paper announces the release of the official Market Basket Measure (MBM) poverty thresholds for the 2021 reference year and provisional poverty thresholds for the 2022 reference year. In addition, it describes the role the Consumer Prices Indexes (CPIs) play in the annual updating of the MBM thresholds. It concludes by using the MBM thresholds' growth rates to help provide a signal as to whether poverty rates could rise or fall from 2020.