What is the Consumer Price Index (CPI)? | CPI Explained | Think Econ

What is the CPI? Maybe you've heard about it on the news, or even in your economics class. Essentially, it's a basket of goods that the average household purchases. The cost of this basket is associated with an index value which, when compared to other index values, can tell you how much inflation has occurred over a given time period!
If you have a great idea that you'd like featured, let us know in the comment section.
Check out our latest video: Monetary vs Fiscal Policy Explained | PART 2 | Think Econ - • Monetary vs Fiscal Pol...
58 Views - Mar 2, 2024
Subscriber Goal: ||||||||||||||| 1340% ||||||||||||||| 26.8K/2K
If you're interested in daily content, consider following us on Twitter or Instagram.
Twitter: / thinkeconyt
Instagram: / thinkeconyt
Enjoy, and have a great weekend!
~The THINK ECON Team
KEYWORDS:
think econ, what is CPI?, what is the CPI?, consumer price index ,consumer price index 2022, what is the consumer price index, what is consumer price index, cpi 2022, cpi and inflation consumer price index explained, cpi explained, how do you calculate cpi, cpi and inflation, inflation and cpi, cpi, inflation, how is cpi calculated, how is consumer price index calculated

[@owenthomas3621]

👏

[@ThinkEcon]

👋

[@camilal1132]

Explained it better than my teacher and textbook

[@ThinkEcon]

I'm glad to hear that! :)

[@user-is3bd5dy5r]

You are great lecturer really

[@francescakray233]

Thank you. 👍

[@ThinkEcon]

You’re welcome ☺️

[@ishmael888]

Good stuff

[@ThinkEcon]

Thanks!

[@rlshultz5841]

The survey is the issue. How accurate? It’s relies on subjective decisions and interpretations of individuals. It is likely greatly influenced but media statements. Not at all an independent or quantitative measurement. Sad that so many decisions are made from this.

[@ThinkEcon]

Unfortunately you are very much correct about this!

[@mark1h2023]

You sound kind of like The Stupendous Wave.

[@ThinkEcon]

I can hear it!

[@infinite3ndeavour]

Great video but please don’t make the volume of your intro 2x the regular volume.

[@ClarissaSibyl-o9k]

Johnson Shirley Wilson Donna Moore Sarah

[@fine-jumble2114]

simply aviation 🤡🙉

[@ThinkEcon]

I don’t get it…