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Ok to begin with that question makes no sense, the reason being the definition of the CPI ( consumer price index ) is as follows...
CPI = is a measure of the cost of goods & services purchased by the consumer over a period of one year and is determined by the change in the price levels of a specific basket of goods. e.g. clothes and computers. It is calculated on a "base average" and usually starts in a year where the general price levels is constant i.e. a base year, represented by 100; as subsequent years pass, the CPI may either rise or fall as a result of either the price of the basket of goods either rise or fall. In essence CPI is a means of calculating the inflation rate of goods the individual consumes over a period of time !
ECONOMIC GROWTH = a sustained increase in real GDP per capita;
Therefore according to economic theory as econ growth takes place inflation ( CPI ) will increase.
In conclusion for econ growth to take place there must be some level of inflation, However Inflation is occurring it need not necessarily be accompanied by economic growth !
Vax.
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∙ 16y ago
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Match the economic indicator with its type of measurements?
Retail sales: Growth Growth Domestic Product: Activity Consumer Price Index: Inflation Unemployment Rate: Inactivity
Which economic indicator measures inflation?
CPI (Consumer price index)
Consumer price index?
Consumer price index is a way to measure the averages of prices of consumer goods and services. It is calculated by taking price changes of items or goods and averaging them. Consumer price index is used to assess price changes associated with the cost of living.
Why economic growth is not sufficient indicator for development?
Economic growth is just a key for development but not satisfactory indicator because its it does not consider the individual development of the mass of the member of state. It just explains the raise in per capital income which is at national levle and not individual level for incitance it does not explain about life expectance,human development index,physical quality of life index ect
What does the us government use consumer price index to measure?
an economic measurement that helps determine changes in the purchasing power of a dollar
Match the economic indicator with its type of measurements?
Retail sales: Growth Growth Domestic Product: Activity Consumer Price Index: Inflation Unemployment Rate: Inactivity
Which economic indicator measure economic?
CPI (Consumer price index)
Which economic indicator measures inflation?
CPI (Consumer price index)
What is the Consumer Confidence Index?
The Consumer Confidence Index is an indicator designed to show the level of optimism consumers have for the economy inferred from their financial activities.
Consumer price index?
Consumer price index is a way to measure the averages of prices of consumer goods and services. It is calculated by taking price changes of items or goods and averaging them. Consumer price index is used to assess price changes associated with the cost of living.
Which of these is the most widely used statistical report for comparing economic trends?
Consumer price index
Why economic growth is not sufficient indicator for development?
Economic growth is just a key for development but not satisfactory indicator because its it does not consider the individual development of the mass of the member of state. It just explains the raise in per capital income which is at national levle and not individual level for incitance it does not explain about life expectance,human development index,physical quality of life index ect
What does the us government use consumer price index to measure?
an economic measurement that helps determine changes in the purchasing power of a dollar
What is customer price index?
Perhaps you mean CONSUMER price index, which is a tool to measure changes in the price level of consumer goods and services purchased by households in a given country.
The most widely used statistical report used for comparing economic trends is the?
consumer price index
What is the difference between CPI and SPI?
CPI mean (consumer price index ) which measure change in the level of consumer goods and services purchase by consumer.SPI mean ( Share Price index)
What is the history of index number of additional mathematics?
The index number in economic terms refers to an economic data figure reflecting price or quantity compared with a standard or base value. The best known index number is the consumer price index, which measures changes in retail prices paid by consumers.
