The consumer price index (CPI)
A) is a quarterly index that producers receive for their finished goods.
B) measures increases or decreases in the level of worker performance.
C) is the price of metals, lumber, and raw materials.
D) measures prices paid during periods of deflations.
E) is a monthly index that tracks the prices paid by consumers.

Question

Quizplus · Accepted Answer

The CPI is a monthly index that tracks the prices paid by consumers for a basket of goods and services, such as food, housing, healthcare, and transportation. It is used to measure inflation and changes in the cost of living.

The Consumer Price Index (CPI)