Unveiling the Dynamics of Retail Price Index and Consumer Price Index: An In-Depth Analysis
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Retail Price Index (RPI) – A Comprehensive Measure of Inflation
The Consumer Price Index, on the other hand, is a widely recognized inflation measure used across the globe. It captures the averag...
e price changes of goods and services purchased by households, focusing on essentials that directly impact consumers’ day-to-day living. These include food, housing, transportation, healthcare, education, and other core necessities. The CPI is meticulously designed to represent the cost of living for typical consumers.
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