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The Consumer Price Index (CPI) is mainly used to measure

2342Medium DSSSB TGT Computer Science 0 replies

The Consumer Price Index (CPI) is mainly used to measure

  • Athe rate of interest charged by banks
  • Bthe change in the prices charged by producers at the factory gate
  • Cthe total value of the goods produced in a country
  • Dthe change in the retail prices of goods and services bought by consumers
Correct answer: D

Explanation

CPI tracks a fixed basket of goods and services purchased by households, so it is the main measure of retail inflation.

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