Which is an index of the prices of a shopping basket of goods and services as published monthly by Statistics Canada?
A) producer price index (PPI)
B) consumer price index (CPI)
C) inflation rate
D) wholesale cost index (WCI)

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is an index of the prices of a shopping basket of goods and services as published monthly by Statistics Canada. The other options are not correct - the producer price index (PPI) measures the changes in prices received by domestic producers for the goods and services they produce, the inflation rate is a measure of the general level of prices in an economy, and the wholesale cost index (WCI) measures the changes in the prices paid by Canadian businesses for raw materials, products and services.

Which Is an Index of the Prices of a Shopping