If the consumer price index (CPI) at the end of year one was 100 and was 108 at the end of year two, the inflation rate during year two was 8 percent.
A consumer is a person or a group who intends to order or uses purchased goods, products, or offerings in general for private, social, own family, family and comparable wishes, who isn't always at once associated with entrepreneurial or enterprise activities. The time period maximum usually refers to a person who purchases goods and services for personal use. “consumers, via definition, consist of us all," stated President John F. Kennedy, presenting his definition to the united states Congress on March 15, 1962. This speech have become the premise for the advent of world patron Rights Day, now celebrated on March 15. In his speech: John Fitzgerald Kennedy outlined the indispensable duty to clients from their respective governments to assist exercise of consumers' rights.
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