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Economics
Inflation Measurement
Issues with Consumer Price Index (CPI) construction

Which of the problems in the construction of the

CPI might be illustrated by each of the following
situations?

1 answer
asked by Asd
2 years ago
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CPI??

Choices?

answered by Anon
2 years ago
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Did you know?

Did you know that the construction of the Consumer Price Index (CPI) can face various challenges? Several problems can arise in its construction, and each of these problems can be illustrated by different situations. The accuracy of the CPI may be affected by measurement errors, such as difficulties in obtaining representative samples of goods and services. Other issues can include the treatment of new products, changes in consumer preferences, and the quality of goods and services over time. All these factors need to be carefully considered in the construction of the CPI to ensure an accurate representation of inflation and its impact on consumers.

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