the consumer price index the consumer price index is used to measure the cost of a hypothetical market basket of goods and services excluding food and energy purchased by consumers in the economy. is used to measure changes in prices of goods and services purchased by producers in the economy. is used to measure the cost of a hypothetical market basket of goods and services purchased by consumers in the economy. is used to measure the level of prices of all new, domestically produced final goods and services in the economy during a given year.

The Consumer Price Index for All Urban Consumers increased 7.7 percent from October 2021 to October 2022. The increase of 7.7 percent from October 2021 to October 2022 was the smallest .

What is consumer price index?

Surveys of prices serve as the foundation for ongoing monitoring and research of price stability. Both the federal statistical office's national Consumer Price Index (CPI) and the Harmonized Index of Consumer Prices (HICP) are given special consideration. Both indicators are employed as broad indices of changes in consumer prices. The term "inflation rate" is frequently used to describe their yearly percentage change.

What is national consumer price?

The average change in the price of industrial products and raw materials produced in Germany and sold domestically is tracked by the producer price index for industrial products.

The Federal Statistical Office also determines the national Consumer Price Index in addition to the HICP (CPI). It includes pricing for gaming, owner-occupied housing (using the rental equivalence technique), as well as motor vehicle tax and registration fees, in contrast to the HICP. The CPI is used, among other things, to deflate economic variables, as a gauge of inflation, and as a foundation for payment modifications in private law contracts. The CPI is accessible as a long time series for historical purchasing power comparison computations and is linked to consumer price indices for Germany that go back a very long way in time.

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