The CPI is based on the prices of a carefully selected market basket of goods, all of which consumers can purchase at a supermarket.

Name: The CPI is based on the prices of a carefully selected market basket of goods, all of which consumers can purchase at a supermarket.
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The market basket used for the CPI includes a variety of goods and services, not just those found in a supermarket. It includes things like housing, medical care, transportation, and education, in addition to food and beverages.

The CPI Is Based on the Prices of a Carefully