answersLogoWhite

0

by taking a basket of stuff and measuring the inflation

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What is the Retail Price Index in sept 2008?

The retail price index or RPI for September 2008 is 5.0 and the CPI is 5.2


What is the retail price index today?

dffgftge


What is the current retail price index rate?

Many countries measure the rate of inflation using the retail price index (RPI). This is an index which aims at measuring the change in the average price of the basket of goods and services that represents the consumption patterns of a typical household. Hence it is a mean to measure inflation.


Who calculates consumer price index?

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


What has the author Cathy Conners written?

Cathy Conners has written: 'Retail price index'


What is adjusted selling price method in valuation of inventories?

adjusted selling price method , retail price of the inventory is calculated and marjinal profit is deducted from it generally used in retail business also known as Retail inventory method


What is the retail price index at the moment?

i am told it is -1.4 I therefore cannot receive a rise in my personal pension


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 is the annual inflation rate calculated?

The annual inflation rate is calculated by comparing the average price level of goods and services in the current year to the average price level in the previous year. This comparison is typically done using a price index, such as the Consumer Price Index (CPI), which tracks changes in prices over time. The percentage change in the price index from one year to the next represents the annual inflation rate.


What is the history of index number of additional mathematics?

The index number in economic terms refers to an economic data figure reflecting price or quantity compared with a standard or base value. The best known index number is the consumer price index, which measures changes in retail prices paid by consumers.


How do you calculated Consumer Price Index?

CPI= (Productrep X Pricecurrent)/(Productrep X Price11987*)


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.