Examples of consumer inflation
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ans- Consumer price index (CPI) is statistic used to measure average price of a basket of commonly used good .
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Inflation is often used to describe the impact of rising oil or food prices on the economy. For example, if the price of oil goes from $75 a barrel to $100 a barrel, input prices for businesses will increase and transportation costs for everyone will also increase. This may cause many other prices to rise in response.
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