Which of these is an index of the prices of a shopping basket of goods and services as published monthly by Statistics Canada?
A) producer price index (PPI)
B) consumer price index (CPI)
C) inflation rate
D) wholesale cost index (WCI)

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is the index of the prices of a shopping basket of goods and services as published monthly by Statistics Canada. The producer price index (PPI) measures the average change over time in the selling prices received by domestic producers for their output, while the wholesale cost index (WCI) measures the changes in the costs of goods sold in bulk before they are retailed. Inflation rate is a measure of the rate at which the general level of prices for goods and services is rising and, as such, is closely related to the CPI.

Which of These Is an Index of the Prices of a Shopping