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What is the CPI and how is it used?

Updated: 4/28/2022
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13y ago

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CPI is the consumer price index. It measures the amount of goods and services being bought by consumers. CPI is closely associated with GDP by measuring how well the economy is doing as a whole. With CPI you can calculate inflation by taking the change in prices of goods people buy from period to period.

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13y ago
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Q: What is the CPI and how is it used?
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