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The Consumer Price Index
Beginning of essay
(CPI) is the measure of the average change over time in the prices paid by urban consumers for a fixed market basket of consumer goods and services. The CPI provides a way for consumers to compare what a market basket of goods and services cost this month with what the same market basket cost a m ....
Middle of essay
....nomy is dying and starving.
The graphs show the CPI over the past two years and the NASDAQ over the past 12 weeks. What can been seen from the CPI graph is that over the last two years the CPI has risen $6.60. This means that the market basket of goods costs $6.60 more now than it did two years ago. This Figure does not mean mush to the American people because the growth is in line with inflation. The second graph show the CPI over the last 100 years and how it has sky rocked over the past thir.... |
| Number of words: 453 |
Approximate pages: 2 |
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