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Intro to CPI: definition, properties, and price level changes
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Intro to CPI: definition, properties, and price level changes
4:08
About this lesson
Consumer Price Index Definition
- Average of the prices of a fixed basket of goods
- Properties of CPI
- Reference base period
- Percent increase from two years
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Video 1 of 3
Intro to CPI: definition, properties, and price level changes
4 min
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How to calculate CPI using the basket of goods formula
8 min
Calculating the inflation rate using CPI values
8 min