Examlex
Match the definition with the term.
-statistical correlation
Gallon of Milk
A standard unit of measure for liquid volume in the United States, equivalent to approximately 3.785 liters, often used as a benchmark for pricing in grocery stores.
CPI
The Consumer Price Index is an indicator that calculates the average cost of a selected group of consumer items and services, including transportation, food, and healthcare, aimed at evaluating fluctuations in living expenses.
Market Basket
A collection of goods and services considered representative for measuring inflation or the cost of living in an economy.
Price Increase
A price increase refers to a rise in the cost of goods or services, which can affect consumer demand and purchasing power.
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