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What measures the change in prices of a basket of goods and services in a given year?

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Consumer Price Index
User Nasik Ahd
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Answer:

Consumer price index

Step-by-step explanation:

The consumer price index is a measure of the variation in the prices of a group of products and services that are purchased by households in a specific period. This index is calculated by using the changes in the prices of the items in the basket and averaging them. Because of this, the answer is that the consumer price index masures the change in prices of a basket of goods and services in a given year.

User Gordon Larrigan
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