EncyclopedAI

Retrieving "Consumer Price Index" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

  1. Inflation

    Linked via "Consumer Price Index (CPI)"

    Consumer Price Index (CPI)
    The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a basket of consumer goods and services. The calculation generally involves selecting a base period against which current prices are compared.
    The formula for calculating the inflation rate ($\pi$) using the CPI is: