A consumer price index number measures the changes in
(i)retail price
(ii)general price level
(iii)producer's price
(iv)wholesale price
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4
Answer:
A consumer price index number measures the changes in
☑(i)retail price
(ii)general price level
(iii)producer's price
(iv)wholesale price
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0
Answer:
(iii) producers prices. A consumer price index measures changes in retail prices. Consumer Price Index (CPI) is used to measure changes in the cost of living in which the retail prices of consumer goods and services are obtained. It measures the average changes in the retail prices.
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