CPI and Inflation

The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

inflation:
.
Economics. a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency

deflation:
1.
the act of deflating or the state of being deflated.
2.
Economics. a fall in the general price level or a contraction of credit and available money


stagflation: an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.



I was suprised to see the other goods and services, such as tobacco and haircuts. I was also suprised not to see stocks on the list.