In practice, inflation is measured by looking at the _____.
A) Producer Price Index
B) Consumer Price Index
C) purchasing power parity
D) Gini coefficient

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is the most commonly used measure to gauge inflation. It measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

In Practice, Inflation Is Measured by Looking at the _____