Which of the following prices is least likely to be included in the Consumer Price Index?
A) The price of used bicycles
B) The price of a haircut
C) The price of imported South American grapes
D) The price of a steamroller
E) The price of a loaf of bread

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) typically includes prices of goods and services purchased by households. A steamroller is a capital good used in construction, not a consumer good, and is thus least likely to be included in the CPI.

Which of the Following Prices Is Least Likely to Be