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the consumer price index

Date Submitted: 05/19/2004 23:15:52
Category: / Literature / English
Length: 2 pages (456 words)
Views: 172160

The Consumer Price Index (CPI) is the measure of the average change over time in the prices paid by urban consumers for a fixed market basket of consumer goods and services. The CPI provides a way for consumers to compare what a market basket of goods and services cost this month with what the same market basket cost a month or year ago. The CPI affects all Americans because of the way it is used. …

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…years. The graph of the NASDAQ National Market shows its weekly close over the past 12 weeks. The market has had its ups and downs but has grown over the 12-week period because of a thriving economy. Four out of five Americans own stock, and the NASDAQ being the largest of the three main US markets has seen a lot of active trading and huge gains. The rise in the NASDAQ has encouraged other economic growth.

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