The consumer price index measures the prices of typical products purchased by consumers living in urban areas.

Name: The consumer price index measures the prices of typical products purchased by consumers living in urban areas.
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The consumer price index (CPI) is indeed a measure of the average change over time in the prices paid by urban consumers for a fixed basket of goods and services. The CPI is used as a key economic indicator to track inflation in the economy.

The Consumer Price Index Measures the Prices of Typical Products