Encyclopedia > Consumer price index

Article Content

Consumer price index

In Economics, the Consumer Price Index (CPI) is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by wage earners in urban areas.

The CPI is a fixed quantity price index and cannot reflect the improvement/deprovement of quality. The CPI also ignores the introduction of new products.

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

Featured Article

1904

... Pathé Freres[?] opens offices in Brussels, Belgium, New York City and Moscow, Russia, with an inventory of 12,000 titles. 1904 in literature 1904 in music 1904 in ...