Which of the following might be monitored as an indicator of inflation?
A)consumer price index
B)gold prices
C)oil prices
D)All of these may be indicators of inflation.

Question

Quizplus · Accepted Answer

All of these options can serve as indicators of inflation. The Consumer Price Index (CPI) directly measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Gold and oil prices can also reflect inflationary trends, as rising prices for these commodities often lead to increased costs for goods and services, thereby indicating inflation.

Which of the Following Might Be Monitored as an Indicator