Qualification > Commerce

Economic Help!

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Freaked12:

--- Quote from: Depriviated on May 31, 2009, 09:57:33 am ---hey guys could anyone give me a good explaination for CPI (Consumer price index) and WPI (Whole Price Index)?
help will be greatly appreciated


--- End quote ---

the consumer price index is like average price of goods and services bought by a typical household.A basket containing goods likely to be bought by a household is chosen.it measures the price change from one period to the next in the same area.thats all i know right now

and what the hell is whole price index

nid404:

--- Quote from: Freaked12 on May 31, 2009, 12:54:00 pm ---
--- Quote from: Depriviated on May 31, 2009, 09:57:33 am ---hey guys could anyone give me a good explaination for CPI (Consumer price index) and WPI (Whole Price Index)?
help will be greatly appreciated


--- End quote ---

the consumer price index is like average price of goods and services bought by a typical household.A basket containing goods likely to be bought by a household is chosen.it measures the price change from one period to the next in the same area.thats all i know right now

and what the hell is whole price index

--- End quote ---

it's wholesale price index......same thing...don't bother

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