The CPI for 2008 is computed by dividing the price of the basket of goods and services in 2008 by the price of the basket of goods and services in the base year, then multiplying by 100.
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Q3: The CPI is always 1 in the
Q4: Each week, the Bureau of Labor Statistics
Q5: By keeping the basket of goods and
Q6: The consumer price index is used to
Q7: If the current year CPI is 90,
Q9: Economists use the term inflation to describe
Q10: When the consumer price index is computed,
Q11: The CPI is a measure of the
Q12: The Bureau of Labor Statistics is part
Q13: The inflation rate reported in the news
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