In the typical CPI shopping basket, which of the categories below represents the largest percentage of consumer spending?

Question

Quizplus · Accepted Answer

Housing typically represents the largest percentage of consumer spending, accounting for expenses such as rent, mortgage payments, utilities, and related services. In the United States, housing usually comprises around 30% of the CPI basket, while food and beverages account for about 14%, transportation for about 16%, medical care for about 7%, and recreation for about 6%. However, these percentages can vary depending on the country and the specific CPI basket used.

In the Typical CPI Shopping Basket, Which of the Categories