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Inaccuracies Of The Consumer Price Index(CPI)
Beginning of paper
Inaccuracies of the Consumer Price Index(CPI)
The Consumer Price Index is a measure of the prices of a fixed market
basket of some 300 consumer goods and services purchased by a "typical" urban
consumer. The 1982-1984 period serves as the base period so analysts can compare
other year's changes with this base period. The composition of the market ....
Middle of paper
....ecause in
most cases it means more money in their pockets, but there are some consequences.
This may cause an ongoing inflation trend. The reason why the government does
not restrict it is because they are worried about getting re-elected. Even if
the President does call for a revision of the CPI, Congress would defeat it to
keep their positions.
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| Word count: 452 |
Page count: 2 |
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