If the cpi was 90 in 1975 and is 225 today, then $100 today purchases the same amount of goods and services as:________

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25-07-2022
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If the cpi was 90 in 1975 and is 225 today, then $100 today purchases the same amount of goods and services as:________

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-08-07T09:57:44+02:00

If the CPI was 90 in 1975 and is 225 today, then $100 today purchases the same amount of goods and services as purchased in 1975. The tool used to gauge inflation is the consumer price index (CPI). It is used to calculate the typical difference in pricing of household goods between two specified periods.

It is an overall assessment of product pricing trends while maintaining quality. It appears in the Official Journal each month. Numerous private contracts, including those involving alimony, annuities, and the minimum salary, are linked using the price index . The index of "Households that belong to the lowest equivalized disposable amount quintile.

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