Economy, asked by hrithik3730, 9 months ago

How is consumer price index calculated

Answers

Answered by misseemasingh1975

Explanation:

The CPI is calculated with reference to a base year, which is used as a benchmark. ... Remember, when you calculate the CPI, note that the price of the basket in 1 year has to be first divided by the price of the market basket of the base year. Then, it is multiplied by 100.

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