Calculating Inflation using CPI | Macroeconomics | Inflation rate | Basket of goods | Consumer

#macroeconomics
#inflation
#cpi
#consumerpriceindex
In this video lecture, we provide a comprehensive guide to calculating inflation using the Consumer Price Index (CPI). We explain the concept of inflation and its impact on the economy, and then demonstrate step-by-step how to calculate inflation using the CPI formula. We also discuss the limitations of the CPI as a measure of inflation and explain how it is used in real-world scenarios. By the end of the video, you will have a solid understanding of how to calculate inflation using the CPI and be able to apply this knowledge to analyze economic trends.
macroeconomics,
#economics
#macroeconomics
#inflation
#cpi
#consumerbehavior

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inflation rate,
real GDP,
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Calculating Inflation using CPI | Macroeconomics | Inflation rate | Basket of goods | Consumer