Question:The state with a value of the Consumer Price Index that aligns
most closely with the...
Question
The state with a value of the Consumer Price Index that aligns
most closely with the...
The state with a value of the Consumer Price Index that aligns
most closely with the U.S. average level is A. Akransas. B.
Maryland. C. Missouri. D. Illinois.
Consumer price index is a measure of the price changes of a
market basket of goods and services which is calculated by the
average sum of price changes in a particular basket of goods.
The CPI of US measures the country's changes in price level for
most household purchases and reports the inflations and deflations
of the country.
The CPI of US measures are expected to rise every nine months
and the state with the value of the CPI that aligns most closely
with the US Average level is Illinois due to the similar trends in
changes in CPI.