What Does Consumer Price Index Mean?

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What does Consumer Price Index mean? Read on to discover the definition & meaning of the term Consumer Price Index - to help you better understand the language used in insurance policies.

Consumer Price Index

Consumer Price Index

The consumer price index (CPI) is a tool that is used to calculate inflation in a given area. Insurable assets, such as healthcare, housing, and transportation are factored into CPI calculations

We hope the you have a better understanding of the meaning of Consumer Price Index.

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