Question

Using four or more sentences, explain the purpose of the consumer price index (CPI).

Answer 1

Following are the purpose of the consumer price index (CPI) is given below .

Step-by-step explanation:

• The Consumer Price Index is to determine the average cost shift across the time payable by the client for the collection of the products and the services.
• Consumer price index is used for the indicator and the inflation as well as the implication, of the financial policy of the Country.
• The main objective of consumer price index is to determining the urban salaried employees as well as the admin staff.