Question

Four uses of consumer price index

Answer 1

Answer:

it measures the average changes in price overtime that consumer pay for a basket of goods or services. it is used to measure inflation ,by proxy, of effectiveness of government economic policy.

Answer 2

Four uses of consumer price index are folows :-

1- Indexation of wages

2- Indexation of rents

3- Indexation of payments

4- Indexation of social security benefits