The consumer price index is used to

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The consumer price index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It is used to monitor changes in the cost of living and inflation, making it a valuable tool for policymakers, businesses, and consumers in assessing economic trends and making decisions. The CPI is not used to track changes in wholesale prices, real GDP or the stock market.

The Consumer Price Index Is Used to