The "basket of goods" included in the Consumer Price Index has remained the same for many years so the government can make accurate year-to-year comparisons about the rate of inflation.

Question

Quizplus · Accepted Answer

The "basket of goods" included in the Consumer Price Index is regularly updated to reflect changes in consumer spending habits and price changes, in order to provide a more accurate representation of inflation.

The "Basket of Goods" Included in the Consumer Price Index