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1 CPI is the measure of average rate of goods and services

2 the change of percentage in actual price

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CPI is useful for measuring inflation but has some restrictions in the digital services. Its difficult to account for digital services like e-commerce pricing .

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The CPI help to measure inflation, but it may not fully reflect today’s digital economy because It doesn’t always capture online prices, digital services. it needs updates to stay accurate.

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3) yes there is difference

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No, the current method of calculating CPI is not considered entirely accurate for measuring inflation in today's digital economy, as it struggles to fully capture the rapid price changes and innovation happening in digital goods and services, potentially underestimating the true inflation rate in this sector; however, organizations are working to adapt the CPI methodology to better reflect the digital landscape by incorporating web-scraped data and adjusting weighting for digital items

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1. CPI is the measure of average price level of goods and services

2. Difference between cpi and inflation rate

answer = CPI: Measures the price level of a fixed basket of goods and services over time.

Inflation Rate: Measures the percentage change in CPI over a period, indicating price increases or decreases.

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Gurveer Kaur Gill

1. Consumer Price Index is the measure of average change in pricesof goods ans services. It includes inflation and defaltion in goods .

2. Difference between CPI and Inflation rate :

CPI is the measure of average price level of goods and services but Inflation rate is measures of percentage change in CPI over specific period

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2) CPI shows the prices change how it everyday and inflation means going expensive everything all the time

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Hi HARNEET KAUR this side,

1) CPI monitors the regular price fluctuations of fundamental items which include food alongside rent and transportation. The index provides data to track cost of living changes from one period to another.

2) Yes, there is a difference.

3) The Consumer Price Index reveals existing price points whereas inflation rate indicates the speed at which these elements rise or decrease annually. CPI changes calculate the inflation rate as a percentage that appears during selected time frames such as months or years. CPI provides information about current prices but inflation rates show actual changes in these prices during a specific period.

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Question 1- CPI stands for consumer price index, it measures the changes in price of consumers and is used as a measure of inflation and deflation

Question 2- the difference between CPI and inflation rate is that CPI is used to measure the inflation rate. Inflation rate is used to see how much good and services prices are increasing

Question 3- yes there is a difference between CPI and inflation rate. I have mentioned the differences in questions 1 and 2

Anthony Mesina (8654802)

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Cpi measures the average change in prices over time that consumers pay for goods and services, basically it shows the inflation.

Cpi measures the overall change in price overtime while inflation Rate measures the change in percentage of cpi over time.

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1) CSI means consumer price index and its a major of inflation that how the prices of everyday things like rent, utility, and good Go Up and Down.

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1. What is CPI?

2. Is there a difference between CPI and Inflation rate?

3. If no, why? If yes, how?