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Which statement from a newspaper article refers to the consumer price index
(CPI)?

User Sigfredo
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2 Answers

3 votes

Answer:

A

Step-by-step explanation:

User Sawo Cliff
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2 votes

Answer:

"The average cost of groceries has increased 10 percent since last year" statement from a newspaper article refers to the consumer price index (CPI).

Step-by-step explanation:

A Consumer Price Index "calculates increases in the price level of a weighted average consumer goods and services market basket purchased by households". It is usually calculated and published on a monthly and yearly basis by a country's Bureau of Economic Analysis and Statistics.

For an instance the Consumer Price Index for "All Urban Consumers (CPI-U)" rose 2.0 per cent from April 2018 to April 2019, the largest increase over the year since the 12-month period ending November 2018.

User Nikos Baxevanis
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