Question

The annual price increase for consumer goods and services measured by the Bureau of Labor Statistics is called ________.

Answer 1

The correct answer is "consumer price index"

Step-by-step explanation:

The average of the prices paid by customers for goods and services, belonging at the fixed market basket is called Consumer Price Index (CPI). The consumer price index is an excellent measure or indicator of inflation. It's calculated and measured by the Bureau of Labor Statistics.