cpi

Question 1

is an indicator of the change in the average retail prices of a fixed basket
of goods and services commonly purchased by households relative
to a base year.

Answer 1

consumer price index

Question 2

5 steps in calculating cpi

Answer 2

Fixing the market basket
Finding the prices
Computing the market basket’s cost
Choosing a base year
Computing the index

Question 3

cpi for all goods and services that excludes food and energy

Answer 3

core cpi

Question 4

a statistic that measures the cost of a basket of goods and services

Answer 4

producer price cpi