The chained consumer price index (CPI)tends to more accurately reflect prices by updating the consumer basket of goods
A) every time any price in the typical consumer basket changes.
B) daily.
C) weekly.
D) monthly.
E) annually.

Question

Quizplus · Accepted Answer

The chained CPI updates the consumer basket of goods on a monthly basis, making it a more accurate reflection of current prices than the traditional CPI, which updates the basket on an annual basis.

The Chained Consumer Price Index (CPI)tends to More Accurately Reflect