12/13/2023 0 Comments Consumer price indexThe weighting system used in calculating the CPI is based on consumer expenditure surveys. The items in the basket are assigned different weights based on their relative importance to consumers, and the prices of these items are then tracked over time. The basket of goods and services includes food, housing, transportation, healthcare, and entertainment. The CPI is determined by collecting price data for a basket of goods and services that represent the spending habits of households in a specific region or country. The CPI is widely used by economists, policymakers, and investors to gauge the health of an economy and make informed decisions. The Consumer Price Index (CPI) is an economic measure that gauges the average alteration in prices of goods and services bought by households over a period of time.
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