Changes in the CPI indicate whether prices have increased more or less rapidly in an area since the base period.

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The CPI (Consumer Price Index) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It is often used as a measure of inflation or deflation, with changes in the CPI indicating whether prices have increased or decreased in a specific area or period of time. Therefore, changes in the CPI can indicate whether prices have increased more or less rapidly in an area since the base period.

Changes in the CPI Indicate Whether Prices Have Increased More