Which of the following is NOT a component of the Consumer Price Index?
A)Clothing
B)Automobiles
C)Charges for medical services
D)Transportation fares

Question

Quizplus · Accepted Answer

Automobiles are not included in the Consumer Price Index. The CPI mainly includes goods and services that are purchased by consumers on a regular basis, such as food, housing, utilities, and transportation. While transportation fares are included, the cost of purchasing a new automobile is not.

Which of the Following Is NOT a Component of the Consumer