Consumer Price Index

Encyclopedia of Business and FinanceA-I (2000)

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Consumer Price Index

The consumer price index (CPI) provides a method for calculating the price changes that consumers and household managers face over a stated period. Even though the CPI focuses primarily on consumer prices, its calculations are also of great direct value to governmental and business groups. Yet, at the same time, the CPI is the most commonly used price-level indicator. The CPI is a...

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