The consumer price index tracks the change in price over time of a "market basket" of goods and services.

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This is a correct statement. The consumer price index (CPI) measures the average change in prices paid by consumers for a fixed basket of goods and services over time. This basket typically includes items like food, housing, transportation, and medical care. CPI is used as a measure of inflation and is an important indicator of the health of an economy.

The Consumer Price Index Tracks the Change in Price Over