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Random article: Consumer price index
Consumer price index is the index measuring an average change of the price for goods (44%) and services (56%) of consumer basket of goods. It is major tool for estimation cost of life and one of major indicators of inflation level in the country. Besides, the index is used for price adjustment in other economic indicators of the state such as GDP. One more function of CPI – regulation of social benefits level. CPI is published for the previous month by the Department of Labor, Bureau of Labor Statistics at 08:30 a.m EST (New York) or 4:30 p.m (MSK).
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