The index used most often to measure inflation is the
A) producer price index.
B) consumer price index.
C) wholesale price index.
D) GDP deflator.

Question

Quizplus · Accepted Answer

The most commonly used index for measuring inflation is the Consumer Price Index (CPI), which measures the average change in prices paid by urban consumers for a basket of goods and services. The CPI is widely used to adjust incomes, contracts, and government programs for inflation. While the other indices listed may also be used to measure inflation, the CPI is the most commonly cited and widely recognized.

The Index Used Most Often to Measure Inflation Is the