Question

What are uses of cpi

Answer 1

Economic Indicators: Consumer Price Index (CPI) The Consumer Price Index (CPI) is the benchmark inflation guide for the U.S. economy. It uses a "basket of goods" approach that aims to compare a consistent base of products from year to year, focusing on products that are bought and used by consumers on a daily basis.

Answer 2

$\mathfrak{\huge{\underline{\green{Answer:}}}}$

$\large{\boxed{\bf{\orange{Uses\:Of\:C.P.I}}}}$

❶ The consumer price index is the most widely used measure of inflation.

➋ And in sometimes viewed as an indicator of the effectiveness of government economic policy.

➌ The CPIs are used to calculate the D.A to be paid for government employees.

➍ To revise legal wage rates as part of Indian government laws.

➎ To estimate the number of poor in india.