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

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Think Econ

Think Econ

Күн бұрын

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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Пікірлер: 17
@camilal1132
@camilal1132 Жыл бұрын
Explained it better than my teacher and textbook
@ThinkEcon
@ThinkEcon Жыл бұрын
I'm glad to hear that! :)
@owenthomas3621
@owenthomas3621 2 жыл бұрын
👏
@ThinkEcon
@ThinkEcon 2 жыл бұрын
👋
@Pasquala-u9q
@Pasquala-u9q 11 ай бұрын
You are great lecturer really
@TheBullOfLewisham
@TheBullOfLewisham 10 ай бұрын
Thank you. 👍
@ThinkEcon
@ThinkEcon 10 ай бұрын
You’re welcome ☺️
@ishmael888
@ishmael888 Жыл бұрын
Good stuff
@ThinkEcon
@ThinkEcon Жыл бұрын
Thanks!
@rlshultz5841
@rlshultz5841 Жыл бұрын
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
@ThinkEcon Жыл бұрын
Unfortunately you are very much correct about this!
@infinite3ndeavour
@infinite3ndeavour Жыл бұрын
Great video but please don’t make the volume of your intro 2x the regular volume.
@mark1h2023
@mark1h2023 Жыл бұрын
You sound kind of like The Stupendous Wave.
@ThinkEcon
@ThinkEcon Жыл бұрын
I can hear it!
@fine-jumble2114
@fine-jumble2114 Жыл бұрын
simply aviation 🤡🙉
@ThinkEcon
@ThinkEcon Жыл бұрын
I don’t get it…
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