inflation can be measured by the\nchange in the consumer price index.\npercentage change in the consumer…

inflation can be measured by the\nchange in the consumer price index.\npercentage change in the consumer price index.\npercentage change in the price of a specific commodity.\nchange in the price of a specific commodity.

inflation can be measured by the\nchange in the consumer price index.\npercentage change in the consumer price index.\npercentage change in the price of a specific commodity.\nchange in the price of a specific commodity.

Answer

Brief Explanations:

Inflation is the general increase in the price - level of an economy over a period of time. The consumer price index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Inflation is measured by the percentage change in the CPI, which gives an indication of the overall price - level movement in the economy. A change in the price of a specific commodity only reflects the price change of that single item and not the overall inflation.

Answer:

B. percentage change in the consumer price index.