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CPI: Consumer Price Index

Introduction The Consumer Price Index (CPI) is a widely used measure of inflation and a critical tool for policymakers, businesses, and individuals. In this paper, we will analyze CPI, examining its key features, how it is calculated, and its implications for the economy. Introduction to Sign-up Benefits for Cryptocurrency Exchanges What is CPI? CPI is a measure of the average change in prices over time for a basket of goods and services consumed by households. The basket is composed of items in different categories such as food and beverage, housing, transportation, and medical care. CPI is calculated by comparing the cost of the basket of goods and services in a given time period with the cost of the same basket in a base period. The percentage change between the two periods is the inflation rate. Key Features of CPI CPI has several key features that make it a valuable tool for analyzing inflation: Broad Coverage: CPI covers a broad range of goods and services, providing a comprehens