This is a measure of inflation based on changes in the cost of a market basket of consumer goods and services:
A) inflation
B) consumer price index (CPI)
C) purchasing power
D) none of the above

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is a measure of inflation that tracks changes in the cost of a market basket of consumer goods and services, including food, housing, clothing, and transportation. It is one of the most widely used measures of inflation and is often used to adjust salaries, wages, and investment returns to account for the effects of inflation.

This Is a Measure of Inflation Based on Changes in the Cost