The Bureau of Labor Statistics determines which prices are most important to the typical consumer by surveying consumers.

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The Bureau of Labor Statistics (BLS) determines the importance of prices to the typical consumer by conducting the Consumer Expenditure Survey, which collects information from households and families on their buying habits, income, and demographic characteristics. This data is used to update the market basket of goods and services for the Consumer Price Index (CPI).

The Bureau of Labor Statistics Determines Which Prices Are Most