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What is CPI?
CPI (Consumer Price Index) – The Consumer Price Index is a measure of the average change in prices of goods and services that consumers pay over a specific period of time.
In other words, the CPI indicates how quickly your currency is depreciating (or holding its value).
For example:
If the CPI this month increases by 4% compared to the same period last year, it means that the average price has increased by 4%, and the purchasing power of the currency has decreased by 4%.
In other words, the CPI indicates how quickly your currency is depreciating (or holding its value).
For example:
If the CPI this month increases by 4% compared to the same period last year, it means that the average price has increased by 4%, and the purchasing power of the currency has decreased by 4%.
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