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Consumer price indexIn Economics, the Consumer Price Index (CPI) is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by wage earners in urban areas.The CPI is a fixed quantity price index and cannot reflect the improvement/deprovement of quality. The CPI also ignores the introduction of new products. 
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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Consumer price index".