CPI Measurement.
Consumer Price Index. What prices have changed over your lifetime? What items cost more? What items cost less?
CPI and Inflation. What is CPI? Consumer Price Index Measures rise & fall of prices of consumer goods and services Examines average prices of g/s purchased.
All Rights Reserved Ch. 15: 1 Principles of Economics second edition © Oxford Fajar Sdn. Bhd. (008974-T) 2010 MONEY AND BANKING CHAPTER 15.
$Inflation = an increase in the average price level $When there is a lot of money in the economy, each dollar buys you less $Your purchasing power is.
