What is the importance of consumer price index in formulating price policy, fiscal policy and taxation policies?
Answers
Answered by
0
Answer:
It is the most widely used measure of inflation and, by proxy, of the effectiveness of the government's economic policy. The CPI gives the government, businesses, and citizens an idea about prices changes in the economy, and can act as a guide in order to make informed decisions about the economy.
Similar questions
Computer Science,
24 days ago
English,
24 days ago
Math,
1 month ago
Computer Science,
8 months ago
Math,
8 months ago
Math,
8 months ago