| From Forexpros.com: An index that measures the weighted average of prices to a fixed basket of goods and services, such as transportation, medical care, and food; the index is commonly know by its abbreviation, CPI.
The index is referred to as "headline inflation" and for that considered as the cost-of-living index. The CPI is calculated by averaging the change in prices for each item in the predetermined basket, in which the goods are weighted according to their importance..... Full Article: Source
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