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What is CPI? Why does the market often have FOMO before CPI news?
In the past 2 years, perhaps CPI has been a familiar index that is talked about more by participants in the financial market. So what is the CPI index? And how important is CPI to the economy? Let's find out through the article below
1. What is CPI?
CPI (Consumer Price Index) is the consumer price index, an index that measures the price change of a specific basket of “essential” consumer goods over a given period of time. Imagine you have a shopping cart, which includes many things such as: bread, milk, shirts, electricity, water, etc. CPI helps you know how much more you have to pay this year to buy the same thing. per cart compared to the previous year.
1. What is CPI?
CPI (Consumer Price Index) is the consumer price index, an index that measures the price change of a specific basket of “essential” consumer goods over a given period of time. Imagine you have a shopping cart, which includes many things such as: bread, milk, shirts, electricity, water, etc. CPI helps you know how much more you have to pay this year to buy the same thing. per cart compared to the previous year.
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