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29 November, 05:56

How is the consumer price index used to calculate inflation?

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  1. 29 November, 06:07
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    It is computed as the percentage increase in the level of prices between two time periods. The consumer price index (CPI) is the most widely used measure of consumer price inflation. The CPI measures the average change over time in the prices paid by urban consumers for goods and services.
  2. 29 November, 06:09
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    The percentage goes higher and faster within time
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