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s344n2d4d5 [400]
2 years ago
11

Typically the consumer price index (cpi) is calculated by checking the prices of?

Business
1 answer:
Georgia [21]2 years ago
5 0

The consumer price index (cpi) is calculated by checking the prices of using the price of goods bought by a typical urban household, and applying different weights based on the importance of the good to the consumer.

<h3>What is CPI?</h3>

The Consumer Price Index (CPI) is a measure of the overall cost of the goods and services bought by a typical consumer.

The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.

The market basket includes everything from food items to automobiles to rent.

CPI is used to find the inflation rate.

To learn more about CPI, refer

https://brainly.in/question/245353

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