Question

cost of living index number
or
consumer price index number ?

Answer 1

Answer:

One of the most commonly used formulas for consumer price indices, the Laspeyres price index, compares the cost of what a consumer bought in one time period (q0) with how much it would have cost to buy the same set of goods and services in a later period.

Answer 2

Hey mate ,

A Consumer Price Index measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households. It is usually calculated and reported by the Bureau of Economic Analysis and Statistics of a country on a monthly and annual basis.

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