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  • 15-12-2020
  • Social Studies
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Why is the consumer price index CPI important

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GilliamKathren
GilliamKathren GilliamKathren
  • 15-12-2020

Answer:

Broadly speaking, the CPI measures the price of consumer goods and how they're trending. It's a tool for measuring how the economy as a whole is faring when it comes to inflation or deflation. When planning how you spend or save your money, the CPI can influence your decisions.

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