Math, asked by gautam180, 1 year ago

what is cost of living index number and how to calculate it ?

Answers

Answered by skml73
1
A COLI measures changes over time in the amount that consumers need to spend to reach a certain level or standard of living. COLI is typically a number, where the BaseIndex is 100. A Consumer Price Index (CPI) on the other hand is a measure of the average change over time in the prices paid by consumers.
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