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Q: What is a wage based on changes in the consumer price index?
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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.


What is Consumer prices?

Consumer Price Index (CPI) is an index of the changes in the cost of goods and services to a typical consumer, based on the costs of the same goods and services at a base period.


Who calculates consumer price index?

The Consumer price index is calculated based on a random sampling done by the US labor department


What is the value of the consumer price index?

The consumer price index (CPI) provides a method for calculating the price changes that consumers and household managers face over a stated period.


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.


What does the term Consumer Price Index mean?

The goods consumers can buy an it helps to analyzed


The consumer price index attempts to measure changes in?

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


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 measures changes in the prices of goods and services?

In the United States the changes in the price of goods & services is measured by the "Consumer Price Index". This is a summary of what is termed a "bread basket" of items that are measured by the Department of Labor. A certain weight to items in the bread basket is given by Labor Dept. economists. From time to time the items in the CPI (consumer price index ) are changed based on economic formulae.


What measures changes in the prices of goods and services?

In the United States the changes in the price of goods & services is measured by the "Consumer Price Index". This is a summary of what is termed a "bread basket" of items that are measured by the Department of Labor. A certain weight to items in the bread basket is given by Labor Dept. economists. From time to time the items in the CPI (consumer price index ) are changed based on economic formulae.


Who calculates the consumer price index?

The United States Bureau of Labor Statistics calculates the consumer price index. The CPI is calculated monthly based on goods and services purchased by the average urban household.


What indicator does the government use to measure inflation?

Consumer Price Index (CPI)