UNECE helps improve the measurement of inflation
We are all more or less familiar with the concept of inflation – rising prices that reduce our purchasing power. The consumer price index (CPI) is the most commonly used measure of consumer price inflation. It measures the average price change of goods and services purchased by households for consumption. So to know whether that cup of coffee really was cheaper before, take a look at the CPI. The CPI has a direct effect on millions of households who…