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Why is consumer price index an imperfect measure of the cost of living?
Wiki User
∙ 13y ago
1) CPI does not account for all goods, only some of them.
2) CPI does not account for quality.
3) CPI does not reflect economic conditions surrounding CPI.
Wiki User
∙ 13y ago
Chrisss
,
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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 indicator does the government use to measure inflation?
Consumer Price Index (CPI)
What does the typical family have to do when the consumer price index rises?
When the consumer price index rises the typical family has to spend more money. The price index will directly affect the cost of living for a family.
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 us government use consumer price index to measure?
an economic measurement that helps determine changes in the purchasing power of a dollar
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 indicator does the government use to measure inflation?
Consumer Price Index (CPI)
Which economic indicator measure economic?
CPI (Consumer price index)
What does the typical family have to do when the consumer price index rises?
When the consumer price index rises the typical family has to spend more money. The price index will directly affect the cost of living for a family.
Consumer price index (CPI)?
a measure that examines the weighted average of prices of a basket of consumer goods and services
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 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 does the us government use consumer price index to measure?
an economic measurement that helps determine changes in the purchasing power of a dollar
The consumer price index attempts to measure changes in?
The price of a select market basket of goods and services.
What is one measure of how much goods and services cost at a particular point in time?
Consumer Price Index
A comprehensive measure of consumer discomfort during a period of rising inflation and high unemployment is?
misery index
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.
