If the value of the consumer price index is 110 in 2005 and 121 in 2006, then the inflation rate is 11 percent for 2006.
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Q2: Inflation can be measured using either the
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,
Q8: The CPI for 2008 is computed by
Q9: Economists use the term inflation to describe
Q10: When the consumer price index is computed,
Q11: The CPI is a measure of the
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