Why is CPI only calculated in urban areas
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Explanation:
CPI is the communist party of india which is only calculated in urban areas..
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Answer:
CPI or Consumer Price Index is calculated both in urban as well as rural areas.
However, the CPI collected from the urban population is generally considered to be a better representative of the entire country's population as a greater number of people reside in urban areas.
CPI represents an index of the prices paid by consumers for various goods and services and hence, helps in denoting inflation in a country.
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