How does the CPI provide an accurate indication of inflation within a country?

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asked Nov 27, 2019 79.3k views

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KRB · Answer 1 · 2019-11-29T02:34:48+0000

Answer:

D. The CPI measures urban household spending on a "market basket" in a calculation to see how the average prices of goods and services have changed over time.

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AllJs · Answer 2 · 2019-12-01T00:48:37+0000

Answer: The CPI provides an accurate indicator of inflation within a country on the grounds that it compares different prices in domestic and imported services. And it also measures several areas such as metropolitan and urban areas, the professional sector, the unemployed sector, etc

How does the CPI provide an accurate indication of inflation within a country?

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