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27 votes
27 votes
The Consumer Price Index (CPI)

is the tool used to measure
inflation. It is calculated
through which of the following
methods?
A. Door-to-door surveys
B. Online Questionnare
C. Census

User Ambuj Jauhari
by
3.1k points

1 Answer

13 votes
13 votes

Final answer:

The Consumer Price Index (CPI) is calculated through door-to-door surveys, where government statisticians collect price data by visiting households and recording the prices of a fixed basket of goods and services.

Step-by-step explanation:

The Consumer Price Index (CPI) is a tool used to measure inflation. It is calculated through door-to-door surveys, where government statisticians collect price data by visiting households and recording the prices of a fixed basket of goods and services. The collected data is then used to calculate the CPI.

User Mike Elkins
by
2.7k points