In economics,what does CPI stand for?
A)Continuous Price Inflation.
B)Central Price Information.
C)Consumer Price Index.
D)Collateral Price Inflation.

Question

Quizplus · Accepted Answer

CPI stands for Consumer Price Index, which is a measure of the average change over time in the prices paid by consumers for a market basket of goods and services. It is one of the most widely used indicators of inflation in an economy. A is incorrect because there is no such term as Continuous Price Inflation, B is incorrect because Central Price Information does not exist in economics, and D is incorrect because Collateral Price Inflation is not a commonly used term in economics.

In Economics,what Does CPI Stand For