Definition of Consumer Price Index

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TeachMeFinance.com - explain Consumer Price Index



Consumer Price Index

The term 'Consumer Price Index ' as it applies to the area of Medicare in the United States can be defined as ' A measure of the average change in prices over time in a fixed group of goods and services. In this report, all references to the CPI relate to the CPI for Urban Wage Earners and Clerical Workers (CPI-W)'.

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consumer
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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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