Economists have a number of tools for measuring the health of a national economy, but it isn’t always easy to get a clear view of how households are doing within that economy. One important way is to gauge the cost of living. In this episode, we’ll take a look at the Consumer Price Index to find out more about the cost of living.
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Chapters:
0:00 – Introduction
1:15 – What is the CPI?
4:35 – Calculating the CPI
8:08 – Where the CPI misses the mark
11:01 – Other Price Indexes and how they compare with CPI
12:04 – Conclusion
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