Consumer price index indicates:

Rise

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Fall

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Both (a) and (b)

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Neither (a) and (b)

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Solution

The correct option is D Both (a) and (b)
The Consumer Price Index (CPI) indicates the measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services.
It indicates both Rise and Fall in the price.

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Similar questions

A consumer price index measures changes in

(i) retail prices

(ii) wholesale prices

(iii) producers prices

Q. Consumer price index are obtained by:

Q. For consumer price index, price quotations are collected from:

Q. With reference to Indian economy, consider the following statements:
(1) Three types of Consumer Price Index are used in the determination of Consumer Price Index.
(2) Consumer Price Index of Industrial Worker and Consumer Price Index of Rural Labour has given same weight in the determination of inflation.
Which of the statements given above is/are correct?

From an individual perspective, which index between Consumer Price Index(CPI) and Wholesale Price Index (WPI) would affect your standard of living more? Give reason.

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Consumer price index indicates:

The correct option is D Both (a) and (b)The Consumer Price Index (CPI) indicates the measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services. It indicates both Rise and Fall in the price.

The correct option is D Both (a) and (b)
The Consumer Price Index (CPI) indicates the measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services.
It indicates both Rise and Fall in the price.