CMCGlossary: Consumer Price Index (CPI) ✨ A Consumer Price Index (or CPI) is a type of index where the prices of a basket of goods and services are tracked to gain insights into market segments. 👉 Details:
decisions and thereafter tweak how much should be given to those with subsidized incomes.
But beyond measuring the effectiveness of the central government’s economic policy, the CPI also gives businesses and citizens information about the price changes in the economy, which then helps them make informed decisions. The CPI statistics cover a wide range of individuals, including professionals, self-employed, the unemployed, and more. Some of the major groups of the CPI include housing, apparel, education, and communication.
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