A measure of inflation that represents prices of various products, such as groceries, household products, housing, and gasoline is the ________ index.

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, including groceries, household products, housing, and gasoline.

A Measure of Inflation That Represents Prices of Various Products