Consumer prices are the foundation of understanding how much everyday goods and services cost. They represent the actual prices you pay at the grocery store, for rent, transportation, or entertainment. By tracking consumer prices, we gain valuable
Consumer Price Index
Consumer Price Index (CPI): Inflation’s Key Gauge – Components and Impacts
The Consumer Price Index (CPI) is a cornerstone metric in economics, acting as the go-to gauge for inflation. It tracks the average price changes of a basket of goods and services that consumers typically purchase. By monitoring this basket,