How CPI (Consumer Price Index) is the best indicator of Inflation?
1
By measuring the average income of consumers over time.
2
By measuring the inflow of goods and services in the market over time.
3
By measuring the average rate of change in the level of prices of goods and services in households over time.
4
By measuring the import and export of goods and services over time.
5
By measuring inflation due to increase in government expenditure