12. What is the Current Price Index – is it rising or falling and what does this mean in terms of our inflation rate? Is there a risk of out of control inflation – why or why not?
A Consumer Price Index (CPI) is a measure indicative of changes in the price level of a basket of consumer goods and services that are most commonly purchased by households. CPI is a statistical estimate constructed on the basis of the price of some sample representative items at a particular point in time, and based on that price, all the other prices changes
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