Source: http://thebadeconomist.com/2011/03/14/shortcomings-of-cpi/
Friday, 18 May 2012
Shortcomings of CPI
In the previous post, we talked about the Consumer Price Index (CPI). Basically, the CPI is a number that indicates how much the price of a basket of goods purchased by the typical consumer has changed since a base year we choose when we calculate it. To review, in the base year, CPI is always [...]
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