CPI
Consumer Price Index
weight in CPI basket
the larger the value in total consumption
the larger the weight
in the basket
CPI basket
Price Index
CPI basket
determined
by
the value of what is consumed
in a country
contains
all the goods and service
consumed in a county
food
gas
medicine
haircuts
transportation
house rent
example
apple
if we spend twice as much on apples as on pears
twice the weight
in the basket
pear
if we spend twice as much on apples as on pears