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Explain the consumer price index

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Question: More CPIs. In addition to the national CPI, the BLS publishes CPIs for 4 regions and for 37 local areas. Each regional and local CPI is based on just the part of the national sample of prices that applies to the region or local area. The BLS says that the local CPIs should be used with caution because they are much more variable than national or regional CPIs. Why is this?

Reference no: EM131638661

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