To compute a monthly consumer price index,we need
A) data about consumption habits in every month.
B) data about item prices every month.
C) fixed exchange rates.
D) the GDP or GNP deflator.

Question

Quizplus · Accepted Answer

To compute a monthly consumer price index, data about item prices every month is essential to track changes in the cost of a basket of goods and services over time.

To Compute a Monthly Consumer Price Index,we Need