Measuring the Cost of Living
Measuring the Cost of Living
Measuring the Cost of a Living Inflation refers to a situation in which the economy's overall price level is rising(通货膨胀指经济的总体 物价水平上涨) The inflation rate is the percentage change in the price level from the previous perio
Measuring the Cost of Living • Inflation refers to a situation in which the economy’s overall price level is rising.(通货膨胀指经济的总体 物价水平上涨) • The inflation rate is the percentage change in the price level from the previous period
The Consumer Price Index 消费价格指数 The consumer price index(CPI)is a measure of the overall cost of the goods and services bought by a typical consumer 消费价格指数(CP)衡量一个典型的 消费者所购买的物品和劳务的全部 成本
The Consumer Price Index 消费价格指数 ▪ The consumer price index (CPI) is a measure of the overall cost of the goods and services bought by a typical consumer. ▪ 消费价格指数(CPI) 衡量一个典型的 消费者所购买的物品和劳务的全部 成本
The Consumer Price IndeX(CPl) When the CPI rises, the typical family has to spend more dollars to maintain the same standard of Ing 当CP提高时,家庭必须要花更多的 钱
The Consumer Price Index(CPI) When the CPI rises, the typical family has to spend more dollars to maintain the same standard of living. 当CPI提高时,家庭必须要花更多的 钱
How the CPI is Calculated 1 Fix the basket(固定篮子) Determine what prices are most important to the typical consumer 确定对消费者来说,什么产品的价 格是重要的
How the CPI is Calculated • 1.Fix the Basket(固定篮子): Determine what prices are most important to the typical consumer. • 确定对消费者来说,什么产品的价 格是重要的