Consumer Price Index

Consumer Price Index CPI and Its Significance

The Consumer Price Index (CPI) is a vital economic indicator that provides insights into the changes in the cost of living and inflation rates. It serves as a valuable tool for policymakers, economists, businesses, and consumers in assessing price movements and making informed decisions. In this article, we will delve into the concept of CPI, its calculation, and its significance in measuring inflation and economic trends.

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