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From course:

Economics A Level (DONEEEEEEE)

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Question:

What are the Limits of the RPI and the CPI

Author: eric_galvao



Answer:

-RPI will Exclude Households in the top 4% of Income, and CPI will be more Broader but doesn't factor Mortgage Payments -Information from the Living Costs & Food Survey can be Wrong -Basket only changes once a Year so Short Term Changes is Missed


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