What is the Consumer Price Index (CPI)? | CPI Explained | Think Econ

What is the CPI? Maybe you've heard about it on the news, or even in your economics class. Essentially, it's a basket of goods that the average household purchases. The cost of this basket is associated with an index value which, when compared to other index values, can tell you how much inflation has occurred over a given time period!
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[@camilal1132]

Explained it better than my teacher and textbook

[@ThinkEcon]

I'm glad to hear that! :)

[@owenthomas3621]

👏

[@ThinkEcon]

👋

[@Pasquala-u9q]

You are great lecturer really

[@TheBullOfLewisham]

Thank you. 👍

[@ThinkEcon]

You’re welcome ☺️

[@ishmael888]

Good stuff

[@ThinkEcon]

Thanks!

[@rlshultz5841]

The survey is the issue. How accurate? It’s relies on subjective decisions and interpretations of individuals. It is likely greatly influenced but media statements. Not at all an independent or quantitative measurement. Sad that so many decisions are made from this.

[@ThinkEcon]

Unfortunately you are very much correct about this!

[@infinite3ndeavour]

Great video but please don’t make the volume of your intro 2x the regular volume.

[@mark1h2023]

You sound kind of like The Stupendous Wave.

[@ThinkEcon]

I can hear it!

[@fine-jumble2114]

simply aviation 🤡🙉

[@ThinkEcon]

I don’t get it…