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The Consumer Price Index (CPI) is one of the most important economic variables that we look at. Why is it so important? In what ways

The Consumer Price Index (CPI) is one of the most important economic variables that we look at. Why is it so important? In what ways does it impact economic activity and the choices policymakers face?

What are some shortcomings or issues with the way we calculate CPI. What suggestions do you have for addressing these?

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