The Consumer Price Index is calculated monthly by
A) Bureau of Labor Statistics.
B) FDIC.
C) Federal Reserve System.
D) Treasury Department.

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is calculated monthly by the Bureau of Labor Statistics (BLS), which is a government agency responsible for collecting and reporting various economic data. The CPI measures the average change in prices paid by consumers for a basket of goods and services, and is widely used as a measure of inflation in the economy. The other choices (FDIC, Federal Reserve System, and Treasury Department) are also government agencies, but they are not directly responsible for calculating the CPI.

The Consumer Price Index Is Calculated Monthly by