Changes in the cost of living are monitored through the
A) index of buying power.
B) cost of living index.
C) consumer price index.
D) index of retail saturation.

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is the measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is used to monitor changes in the cost of living over time.

Changes in the Cost of Living Are Monitored Through the