Economics · Inflation
Consider the following statements regarding inflation: Statement (A): Headline inflation refers to the rate of change in the Consumer Price Index (CPI), which measures the average price of a standard basket of goods and services consumed by a typical family. Statement (B): Core inflation measures the change in average consumer prices after excluding volatile items such as food and fuel from the Consumer Price Index. Which of the following is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither (A) nor (B) is correct.
- 2Both (A) and (B) are correct.✓
- 3Only (B) is correct.
- 4Only (A) is correct.
Correct answer
Both (A) and (B) are correct.
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