Prices Flashcards
1
Q
CPI
A
Measure of overall prices of output bought by a typical consumer
2
Q
Inflation Rate
A
Percentage change in the price index from the preceding period
3
Q
Producer Prices Index
A
A measure of the prices of a basket of goods and services bought by firms.
4
Q
Indexed
A
The automatic correction of a money account for the effects of inflation by law
