Which of the following statement is NOT correct about Consumer Price Index (CPI)? - Study24x7
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Which of the following statement is NOT correct about Consumer Price Index (CPI)?

A

This is the index of prices of a given basket of commodities bought by the representative consumer

B

This is the index of prices of all the goods and services produced in the country

C

It is calculated in percentage terms

D

It is expressed as the percentage of the prices of commodities in the current year to the prices of commodities in the base year

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