Is consumer price index the same as inflation?

Economics??? What is the Consumer Price Index? How does this measure gauge inflation?

  • Economics??? What is the Consumer Price Index? How does this measure gauge inflation?

  • Answer:

    Suggest you use a kids search site like Ask Jeeves to look up all three terms and have them explained in lay terms. Then go from there. This is a great topic actually, and one worth understanding as you'll hear about these things in the news for years to come.

Maria at Yahoo! Answers Visit the source

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