If the cost of shelter increases by 10 percent, then, other things the same, how much is the CPI likely to increase?

Name: If the cost of shelter increases by 10 percent, then, other things the same, how much is the CPI likely to increase?
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Quizplus · Accepted Answer

Shelter typically accounts for about 30% of the Consumer Price Index (CPI). A 10% increase in shelter costs would therefore contribute approximately 3% to the overall CPI increase (10% of 30% = 3%).

If the Cost of Shelter Increases by 10 Percent, Then