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

242

... 2nd century - 3rd century - 4th century Decades: 190s 200s 210s 220s 230s - 240s - 250s 260s 270s 280s 290s Years: 237 238 239 240 241 - 242 - ...