Word of the Day
CPI - Consumer Prices Index
Consumer Price Indices are important indicators of how the
UK economy is performing.
UK economy is performing.
The Consumer Price Index (CPI) is a measure that
examines the weighted average of prices of a basket of consumer goods
and services, such as transportation, food, and medical care. It is calculated
by taking price changes for each item in the predetermined basket of
goods and averaging them.
examines the weighted average of prices of a basket of consumer goods
and services, such as transportation, food, and medical care. It is calculated
by taking price changes for each item in the predetermined basket of
goods and averaging them.
The indices are used in many ways by the government,
businesses, and society in general. They can affect interest rates, tax
allowances, wages, state benefits, pensions, maintenance, contracts and many
other payments. They also show the impact of inflation on family budgets.
businesses, and society in general. They can affect interest rates, tax
allowances, wages, state benefits, pensions, maintenance, contracts and many
other payments. They also show the impact of inflation on family budgets.
There are more
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examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3
R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it
out on Amazon http://bit.ly/2MoneyBook.
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