What the CPI Measures
What the CPI Measures
The consumer price index, or CPI, is a weighted index that tracks the average price of a fixed basket of goods and services bought by a typical household. It measures changes in the general price level over time.
Step-by-step lessons on CIE Intl A Level Economics 4.6.2 measurement of changes in the price level. Each one builds up to exam-style questions.