The CPI measures the pace of inflation or deflation.
Level of Learning 1: Knowledge of key terms

Name: The CPI measures the pace of inflation or deflation. Level of Learning 1: Knowledge of key terms
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This statement is true as CPI stands for Consumer Price Index, which is a measure of the average change in prices over time of goods and services purchased by households. It is used as an indicator of inflation or deflation in an economy.

The CPI Measures the Pace of Inflation or Deflation