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.
