The Consumer Price Index (CPI)
The CPI is a measure of #inflation and how it reflects #consumers.
Reflects a basket of goods and its price over time.
Two main metrics:
- Total CPI
- Core CPI
Core #CPI excludes food and energy because those prices swing enormously, throwing the numbers.
Find out how often it comes out in Australia.
The CPI can be used as a way of determining the future price of goods in contract negotiations.
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