CPI is the acronym used in the context of measuring inflation of a country, full form of CPI is Consumer Price Index. CPI refers to changes in price of goods and services which are used by consumers on daily basis; it can be measured on weekly or monthly basis. In simple words consumer price index is a measure of inflation and it is key indicator for central bank to decide about monetary policy of the country.
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What is Wholesale Price Index? What is the difference between CPI & WPI and when is each one used? How is it measured and can you also give examples