The Consumer Price Index (CPI) measures the average level of prices of goods and services consumed by households. It is an economic indicator that reflects the overall price changes in a basket of consumer goods and services over time, allowing for the calculation of inflation rates and helping to assess the cost of living.
The average level of prices of goods and services consumed by households
QUESTION 1/3
The unemployment rate
The rate of inflation
The Consumer Price Index (CPI) measures:
1 answer