The consumer price index (CPI) is a measure of inflation for
A) farmers.
B) an elderly couple recently retired to Yuma, Arizona.
C) Apple Computer.
D) a typical consumer of the market basket used to calculate the index.

Question

Quizplus · Accepted Answer

The CPI is a measure of inflation for a typical consumer of the market basket used to calculate the index, which includes a variety of goods and services commonly purchased by households. It is not specific to farmers, retirees in a certain location, or a particular company like Apple Computer.

The Consumer Price Index (CPI) Is a Measure of Inflation