Measurement of Cost of Living: 3 Measurements
The following points highlight the three Measurements for Cost of Living. The Measurements are: 1. Consumer Price Index (CPI) 2. Producer Price Index (PPI). Measurement # 1. Consumer Price Index (CPI): The consumer price index (CPI) is the most widely used measure of the level of prices. It is constructed by collecting the prices of thousands of goods and services. [...]