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Which is the best measure of Inflation?
Data Analysis and Interpretation
Wholesale Price Index
Consumer Price Index
National Income Deflator
None of the above
All of the above
Correct Option is Consumer Price Index
The "best" measure of inflation depends on the intended use of the data. The CPI is generally the best measure for adjusting payments to consumers when the intent is to allow consumers to purchase at today's prices, a market basket of goods and services equivalent to one that they could purchase in an earlier period.
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