Which index is commonly used to measure inflation? (2020)
Practice Questions
1 question
Q1
Which index is commonly used to measure inflation? (2020)
Consumer Price Index (CPI)
Producer Price Index (PPI)
Gross Domestic Product Index (GDPI)
Employment Price Index (EPI)
The Consumer Price Index (CPI) is commonly used to measure inflation by tracking changes in the price level of a basket of consumer goods and services.
Questions & Step-by-step Solutions
1 item
Q
Q: Which index is commonly used to measure inflation? (2020)
Solution: The Consumer Price Index (CPI) is commonly used to measure inflation by tracking changes in the price level of a basket of consumer goods and services.
