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CPI
Utilizing a weighted average to calculate, the Consumer Price Index serves as a barometer for the price movements of a range of consumer services and goods, including transportation, healthcare, and food items.
Overall Cost
A comprehensive term that refers to the total expenditure associated with acquiring, operating, and maintaining an asset or service over its entire lifespan.
CPI
Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, often used as an indicator of inflation.
Cost of Living
The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare.
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