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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.

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Answer #1

Option D

  • 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.
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