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What is the Consumer Price Index (CPI)? | CPI Explained | Think Econ
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What is the CPI? Maybe you've heard about it on the news, or even in your economics class. Essentially, it's a basket of goods that the average household purchases. The cost of this basket is associated with an index value which, when compared to other index values, can tell you how much inflation has occurred over a given time period!
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~The THINK ECON Team
KEYWORDS:
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