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The Consumer Price Index (CPI) is widely regarded as the best statistic for measuring the rate of inflation. It tracks changes in the price level of a basket of consumer goods and services over time, reflecting the purchasing power of consumers. Another useful measure is the Personal Consumption Expenditures (PCE) price index, which captures changes in prices for all goods and services consumed by households. Both indices provide valuable insights into inflation trends, but CPI is more commonly referenced in public discourse.

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2d ago

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