Approximately how many prices are used to calculate the consumer price index each month?
A)9
B)1,000
C)80,000
D)1 million

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) in the United States is based on approximately 80,000 prices that are collected each month from about 23,000 retail and service establishments. These prices are used to calculate the percentage change in the prices of goods and services over time, which is a key measure of inflation.

Approximately How Many Prices Are Used to Calculate the Consumer