The consumer price index (CPI) is important for determining changes in the:

2 answers:

5 0

The Consumer Price Index determines the changes over time of a market basket of consumers goods and services. It calculates the prices of food, transportation, medical care or any other service purchase by a regular household over time and calculates the average price.

adell [148]3 years ago

4 0

The CPI is important for determining the changes in the prices paid by a urban consumers on a wide range of consumer goods. It gives a good sense of the fluctuation in pricing over a period of time.

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