The biggest problems with CPI include substitution bias, new items added to the basket of goods, and quality changes in goods. Though frequently used and commonly reported, there are some problems with CPI. CPI stands for consumer price index it is an economic measurement that tracks inflation in an aggregate economy at the consumer level.Clicking a year will reveal the index figures monthly for that particular year. The CPI is normally published on or about 17th day of each month for the previous month.
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