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Compiled by the Bureau of Labor Statistics, the CPI measures the rate of inflation from month to month. It reports the price of a "market basket," a collection of around 300 goods that a typical consumer buys regularly. It then measures the increase or decrease of that price from the price in a given year. If the CPI for 2010 were 180, then prices have risen about 80% from the base year.

Core CPI does not take into account oil and food prices, which are more volatile. As a result, many economists prefer to use Core CPI when measuring long-term inflation.

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Dawson Beatty

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3y ago

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Related Questions

What indicator does the government use to measure inflation?

Consumer Price Index (CPI)


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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.


Which economic indicator measure economic?

CPI (Consumer price index)


The consumer price index attempts to measure changes in?

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


Consumer price index (CPI)?

a measure that examines the weighted average of prices of a basket of consumer goods and services


What is customized pricing?

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.


When was Consumer Price Index - United Kingdom - created?

Consumer Price Index - United Kingdom - was created in 1947.


What is one measure of how much goods and services cost at a particular point in time?

Consumer Price Index


What is the full form of CPI?

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What does state consumer price mean?

By state consumer price, you likely are referring a measure of consumer price in a given region, such as the consumer price index (CPI). The CPI is a basket of goods whose price fluctuation is analysed and compared over time to get a rough idea of the real price level in a region.


What does the government measure with the consumer price index?

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