The consumer price index

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Intros
Lessons
  1. 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
  2. Calculating CPI
    • Cost of basket at current period
    • Cost of basket at base period
    • Multiply by 100
    • An Example
  3. Measuring Inflation Rate with CPI
    • CPI of this year subtracted by CPI of last year
    • Divide by CPI of last year
    • Multiply by 100
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Examples