The consumer price index cpi can be used to measure inflation
23 Aug 2018 The consumer price index, abbreviated as CPI, measures the change over time in the prices of consumer goods and services acquired, used or paid for by It is an important measure of inflation in the European Union (EU). Use the Consumer Price Index (CPI) to calculate U.S. inflation rates; Identify Conversely, as the price of a good falls, people will tend to purchase more of it. of goods used to calculate inflation, while goods with falling prices should tend to ILO publications can be obtained through major booksellers or ILO local offices in used for self-learning, or as a teaching tool for training courses on the CPI. The consumer price index as a measure of inflation in market transactions .