What is Consumer price index (CPI)?
Money & central banksAn official index that tracks the prices of a typical basket of goods and services. Its change over 12 months is the inflation rate.
Think of it like: A shopping list that gets priced every month.
Real example: US CPI comes out every month at 8:30 a.m. New York time. Housing makes up about a third of its basket.
Lesson: How inflation is measured Practise it now: Data Drop Practise it now: Basket Case