What is the Consumer Price Index (CPI)?

Inflation is a measure of how prices have changed over time. If prices are changing due to inflation, each dollar spent will buy less. In order to answer the questions below, go to the following website: http://www.bls.gov/cpi/ Questions: What is the Consumer Price Index (CPI)? How has the CPI behaved since the year 2000? What have been the causes of […]