When the consumer price index is computed, the base year is always the first year among the years being considered.
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Q5: By keeping the basket of goods and
Q6: The consumer price index is used to
Q7: If the current year CPI is 90,
Q8: The CPI for 2008 is computed by
Q9: Economists use the term inflation to describe
Q11: The CPI is a measure of the
Q12: The Bureau of Labor Statistics is part
Q13: The inflation rate reported in the news
Q14: When the consumer price index falls, the
Q15: The inflation rate for 2007 is computed
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