Community Forex Questions
What is consumer price index(CPI)?
CPI is an abbreviation for consumer price index, which is an average of several consumer goods and services used to calculate inflation.
CPI movements are typically expressed as percentages, with positive movements indicating inflation and negative movements indicating deflation. Inflation control is a major responsibility of central banks such as the Federal Reserve and the Bank of England. They will do so through monetary policy adjustments such as changing the base interest rate.
More than one consumer price index is frequently used to judge inflation in a given economy, with different goods and services being measured to evaluate different segments of the population.
Central banks make CPI announcements on a regular basis.
CPI movements are typically expressed as percentages, with positive movements indicating inflation and negative movements indicating deflation. Inflation control is a major responsibility of central banks such as the Federal Reserve and the Bank of England. They will do so through monetary policy adjustments such as changing the base interest rate.
More than one consumer price index is frequently used to judge inflation in a given economy, with different goods and services being measured to evaluate different segments of the population.
Central banks make CPI announcements on a regular basis.
Oct 31, 2022 09:54