The consumer price index (CPI)is all of the following EXCEPT the
A) rate of inflation between the current period and the base year.
B) cost of living relative to the base year.
C) average level of prices relative to prices in the base year.
D) consumer price index.
E) cost of a standard basket of goods and services relative to the cost of the same basket in the base year.

Question

Quizplus · Accepted Answer

The CPI measures the average level of prices relative to prices in the base year, the cost of a standard basket of goods and services relative to the cost of the same basket in the base year, and the cost of living relative to the base year. It does not measure the rate of inflation between the current period and the base year.

The Consumer Price Index (CPI)is All of the Following EXCEPT