If your wage rises from €500 per week to €625 per week while the Consumer Prices Index (CPI) rises from 112 to 121, you should feel an increase in your standard of living.

Question

Quizplus · Accepted Answer

Even though the CPI has increased, the fact that your wage has also increased by a higher percentage means that you have more purchasing power and can afford more goods and services, leading to an increase in your standard of living.

If Your Wage Rises from €500 Per Week to €625