Answer to Question #237064 in Macroeconomics for Anna

Question #237064

How to calculate the cost of the CPI basket


1
Expert's answer
2021-09-14T09:29:48-0400

To calculate Consumer Price Index (CPI), divide the overall price of the basket of goods in any given year by the same basket size in the base year. Then multiply this number by 100. You'll now have your consumer price index (CPI).


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