What does a negative consumer price index mean
Definition: The consumer price index or CPI measures the changes in the price of a certain collection of goods and services bought by consumers in an effort to measure inflation. In other words, it measures the change in a basket of consumer goods like medicine, groceries, and transportation as a benchmark to gauge the cost of living and inflation . Definition: A comprehensive measure used for estimation of price changes in a basket of goods and services representative of consumption expenditure in an economy is called consumer price index. Description: The calculation involved in the estimation of CPI is quite rigorous.Various categories and sub-categories have been made for classifying consumption items and on the basis of consumer