CEVAP:

The consumer price index (CPI) is a measure that is used to finds out the total cost of goods and services purchased by an ordinary consumer via examining the weighted average prices of goods and services in a heterogenous basket with many goods that a person might use in daily life. It is used to track the general price level of goods and services, and to determine changes in living costs over time.

Since it is used as an indicator of the cost of living, the consumer price index is the most commonly known of published indexes. It is generally accepted as a measure of inflation in a country. As an economic indicator, it gives information to understand the economic progress and changes, it also helps make decisions about the economy. When it increases, it means that an ordinary an ordinary family might spend more money to maintain the same standard of living. The consumer price index is published in monthly figures by the Institute of Statistics in Turkey.