A common measure of inflation is the percentage change in the CPI of adjacent years.

Name: A common measure of inflation is the percentage change in the CPI of adjacent years.
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Question

Quizplus · Accepted Answer

The CPI (Consumer Price Index) is an indicator of inflation and measures the average change in prices of goods and services over time. The percentage change in the CPI of adjacent years is a widely used measure of inflation. Therefore, the statement is true.

A Common Measure of Inflation Is the Percentage Change in the CPI