Learn About Consumer Price Index to Know More about Inflation

If you are a student of Economics, you cannot avoid the topic consumer price index (CPI). This topic remains quite relevant when you are studying budget & market scenario. 24x7assignmenthelp.com is a platform where students of economics could get relief from all their assignment worries. We offer cent percent guaranteed Consumer Price Index assignment help to students, which makes your way to score good grades in examination. We encourage students to get in touch with us and enjoy quality assignment free from all sort issues like plagiarism.

Consumer Price Index: A brief description on it

It is a statistical process in which prices of various items (especially consumable goods) are collected in order to measure the inflation. There are sub-indices & Sub sub-indices of items to measure the overall index. Finally, the annual percentage of consumer price index is calculated to determine inflation.

It is useful in calculating the basic salaries, wages and pensions. Therefore, it has a great importance as an academic topic. Our website is providing extra-ordinary support to students who are pursuing their higher studies in Economics. We do not disappoint students with plagiarized consumer price index homework help.

Types of data for consumer price index

There are mainly two types of data, which are used for calculating consumer price index.

  • Price data:

In this, the data is collected from samples of services and goods in outlets. Following services and goods are considered under Price data:-

  1. Food and beverages
  2. Education and communication
  3. Apparel
  4. Housing
  5. Medical care
  6. Transportation
  7. Recreation
  8. Other related goods and services
  • Weighing data:

In this, the estimates of shares of different types of expenses out of the total expenditure.

The details of data are available with our experts, who are assisting students with Consumer Price Index assignment help.

Consumer price index is also calculated based on the regions. It differs based on regions as living standard of rural and urban places also differs. In United States, it is calculated in following four different regions:-

  • North-east
  • Mod-west
  • South
  • West

The categorization is different in metro region:

  • Chicago-gary-Kenosha
  • Los Angeles-Riverside-Orange County
  • New York-Northern NJ-Long Island

You may like to read about the differences in CPI based on regions in our website 24x7assignmenthelp.com. We have hired many academic professionals who are excellent economists and assure you cent percent error free consumer price index homework help.

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