The main measure of inflation is the ________________ computed and reported each month by the Bureau of Labor Statistics.

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is the most commonly used measure of inflation as it tracks the changes in the prices of a basket of goods and services consumed by households over time. It is calculated and reported each month by the Bureau of Labor Statistics. Therefore, the correct answer is A) Consumer Price Index. B) Product Producer Index is a measure of the price changes of goods at the producer level, not at the consumer level. C) Consumer Confidence Survey measures the confidence of consumers regarding their economic prospects and spending plans, but it is not a measure of inflation. D) New Homes Sales Matrix is a report on the sales of new homes and is not related to inflation.

The Main Measure of Inflation Is the ________________ Computed and Reported