Book Description

What is Consumer Price Index According to the Consumer Price Index (CPI), which is a type of price index, the price of a market basket of consumer goods and services that are purchased by households is the price of the market basket. The Consumer Price Index (CPI) is a statistic that tracks changes in prices over time. A representative basket of products and services is utilized in the calculation of the Consumer Price Index (CPI). In order to take into account the shifting patterns of consumer purchasing, the basket is updated on a regular basis. A representative sample of retail and service companies is contacted on a monthly basis to get the pricing of the items and services that are included in the basket. When there is a change in the quality or features, the prices are then modified accordingly. The changes in the Consumer Price Index (CPI) may be utilized to monitor inflation over a period of time and to compare the rates of inflation in other nations. Despite the fact that the Consumer Price Index (CPI) is not an ideal estimator of inflation or the cost of living, it is a helpful instrument for monitoring key economic variables. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Consumer price index Chapter 2: Inflation Chapter 3: GDP deflator Chapter 4: Market basket Chapter 5: Cost-of-living index Chapter 6: Personal consumption expenditures price index Chapter 7: Price index Chapter 8: Substitution bias Chapter 9: Retail Price Index Chapter 10: Harmonised Index of Consumer Prices Chapter 11: Core inflation Chapter 12: United States Consumer Price Index Chapter 13: Consumer Price Index (United Kingdom) Chapter 14: Törnqvist index Chapter 15: Economic indicator Chapter 16: Higher Education Price Index Chapter 17: Divisia index Chapter 18: Consumer price index by country Chapter 19: Indian consumer confidence index Chapter 20: Inflation in India Chapter 21: United States Chained Consumer Price Index (II) Answering the public top questions about consumer price index. (III) Real world examples for the usage of consumer price index in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of consumer price index.