Examlex
Representatives who believe that they have been elected in order to do the bidding of those who sent them to the legislature are considered to be serving as
CPI
This index tracks the overall price changes of a mix of consumer products and services like healthcare, transportation, and food by calculating their weighted average price.
Inflation Rate
A measure reflecting how much prices of goods and services have increased in a given period, reducing the purchasing power of money.
Market Basket
A set combination of goods and services used as a consistent measure to track the cost of living and inflation through price changes over time.
Basket of Goods
A selected group of products whose prices are tracked over time for the purpose of measuring inflation.
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