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The CPI is the measure that can examine the weighted average of the price of consumer goods like food, medical care and transportation.
The consumer price index UK is calculated by considering the price changes for the items in the basket of goods and then getting an average of it.
The consumer price index table is used to get the inflation rate, which is one of the greatest threats to the economy as it lowers the standard of living if the prices increase in comparison to income.
The Bank of England inflation calculator plays a key role in determining ways to design policies to modify the CPI to regulate inflation.
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