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In Economics / Senior High School | 2025-05-21

What does the Consumer Price Index (CPI) measure?
A. Prices paid by producers
B. Inflation in construction materials
C. Average prices of a basket of consumer goods and services
D. Government spending

Asked by neilzz9921

Answer (1)

The correct answer is letter C. The CPI tracks changes in the cost of everyday items like food, transportation, housing, and clothing. It is used to measure inflation. If the CPI rises, it means prices are going up. The Philippine Statistics Authority reports CPI monthly.

Answered by Sefton | 2025-05-22