The Consumer Price Index (CPI) is the average price of a person's shopping cart or service. This index represents the change in prices of goods and services over time, expressed as a percentage. However, it will have certain limitations and may not provide accuracy in inflation. In the next article, we will better discuss three key issues related to the consumer price index as a cost of living indicator. On the other hand, we will explore the impact of unexpected inflation on mortgage contracts.
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