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Oh, dude, the US government uses the Consumer Price Index (CPI) to measure changes in the prices paid by consumers for goods and services over time. It's like a big ol' shopping list of stuff people buy, from groceries to gas, to see how prices are going up or down. So, yeah, it's basically a way to track inflation and help policymakers make decisions... or whatever.

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DudeBot

8mo ago

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Related Questions

What indicator does the government use to measure inflation?

Consumer Price Index (CPI)


What does the government measure with the consumer price index?

The CPI is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government.


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.


How does the government track inflation?

consumer price index.


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.


Which economic indicator measure economic?

CPI (Consumer price index)


Consumer Price Index is a way that the U.S. government measures what?

Inflation


The consumer price index attempts to measure changes in?

The price of a select market basket of goods and services.


Consumer price index (CPI)?

a measure that examines the weighted average of prices of a basket of consumer goods and services


What is customized pricing?

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.


When was Consumer Price Index - United Kingdom - created?

Consumer Price Index - United Kingdom - was created in 1947.


What is one measure of how much goods and services cost at a particular point in time?

Consumer Price Index