Consumer Price Index (CPI) | Definition, Calculation, & Uses
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Consumer Price Index (CPI) | Definition, Calculation, & Uses
The Consumer Price Index, or CPI, is a metric which measures inflation by calculating the price change for a basket of goods. Basket of goods in this context refers to goods associated with the cost of living: transportation, food, medicine, energy, etc. The CPI establishes the prices during a base year, and calculates the price increase or ...
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