Food, health and personal care, and clothing and footwear account for over 50 percent of the goods and services in the CPI basket of goods.

Question

Quizplus · Accepted Answer

The CPI (Consumer Price Index) basket includes a wide range of goods and services, such as housing, transportation, and education, in addition to food, health and personal care, and clothing and footwear. These three categories alone do not account for over 50 percent of the goods and services in the CPI basket.

Food, Health and Personal Care, and Clothing and Footwear Account