Upcoming News: Consumer Price Index Release
What is the Consumer Price Index (CPI)?
The Consumer Price Index (CPI) is a measure of the change in the price of goods and services purchased by consumers.
How is the CPI Calculated?
The CPI is calculated by measuring the prices of a basket of goods and services that are commonly purchased by consumers. This basket includes items such as food, housing, transportation, and healthcare.
Why is the CPI Important?
The CPI is an important economic indicator because it measures the rate of inflation, which is the increase in the overall price level. Inflation can have a significant impact on the economy and on consumers' purchasing power.
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