Watch the video below https://www.youtube.com/watch?v=zIbNJCSCEjk Then answer the following questions: 1-Explain what the consumer price index (CPI) is and why it is important 2-Give a real life example of when the CPI is used and why it is used. 3-What is inflation? 4-How is it related to the CPI?

Answer rating: 100% (QA)

The Consumer Price Index CPI is a measure of the average change in prices of a basket of goods and services that are commonly consumed by households I... View the full answer