Answered

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The value of the consumer price index (CPI) is best described as the:__________

Sagot :

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Answer:

current year prices to base year prices, holding the market basket content constant.

Explanation:

The CPI as a form of measurement, gives an examination of the weighted average of what is the cost or prices of a basket of consumer goods and services, transport, food, and medical services. We can calculate this when we take the changes in price of every singular item in the basket of goods and finding the average.

It's value can best be described as current year prices to base year prices, while holding the market basket fixed.

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