Define Consumer Price Index
Dear student,
Consumer price index measures the changes in the price level of specified goods and services purchased by households. It measures the change in cost of living in two situations.
Consumer Price Index = ∑ p1q0 / ∑p0q0 * 100
Regards
Consumer price index measures the changes in the price level of specified goods and services purchased by households. It measures the change in cost of living in two situations.
Consumer Price Index = ∑ p1q0 / ∑p0q0 * 100
Regards