Question

What is consumer price index

Answer 1

Consumer price index is an index of the cost of all goods and services to a typical consumer.

Hope this helps:)

Answer 2

Answer:

The consumer price index measures the changes of price levels by a weighted average market of the consumer goods and the services.

Explanation:

• The organization named as the OECD is respirable for the regulation and the statistical figures and the development of the reports pf the CPI index. Thus CPI index is a statistical estimate of the represented items of the values which are computed monthly and quarterly and are based on the nature of the goods that are consumed in the various countries such as the food, shoes, and clothing.

• This index is usually calculated by the market basket desire year upon the market basket of the base year multiplied by the 100, or the price two on price one.

• The CPI used the index based on the inflation, pension, wages, and salaries to regulate the prices and deflate the money.