This index measures the change from month to month in the cost of a representative 'basket' of goods and services of the type bought by a typical household
A)paasche price index
B)retail price index
C)laspeyres price index
D)financial times index

Question

Quizplus · Accepted Answer

The Retail Price Index (RPI) measures the change from month to month in the cost of a representative 'basket' of goods and services of the type bought by a typical household. It is a measure of inflation that includes housing costs.

This Index Measures the Change from Month to Month in the Cost