CPI & gt3% is inflation.
CPI= (the value of a group of fixed commodities at current price/the value of a group of fixed commodities at base price) × 100.
If, last year, popsicles were sold at 1 yuan, this year, they were sold at 1.2 yuan. (1.2÷1) *100% =120% In other words, the popsicle price index has increased by 20%. In reality, the price obtained from a large number of consumer goods is compared with last year or last quarter.
The eight categories of commodities that make up CPI are: food, housing, alcohol, tobacco and supplies, clothing, transportation and communication, medical care and personal goods, household equipment and supplies and maintenance services, entertainment, sports and cultural goods and services.