In the United States, the inflation rate is measured by calculating the change in
A)the public price index.
B)short-term interest rates.
C)long-term interest rates.
D)the consumer price index.

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) measures the average change over time in the prices paid by consumers for a basket of goods and services, including food, housing, clothing, transportation, and medical care. This index is widely used as a primary indicator of inflation in the United States. The consumer price index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It is widely used as a measure of inflation in the United States.

In the United States, the Inflation Rate Is Measured by Calculating