The index that measures the average change in the prices of goods and services consumed by urban households is called
Wholesale Price Index
Consumer Price Index
Producer Price Index
Sensex
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Answer is Wrong!
This question was previously asked in
UPSC Combined Section Officer – 2019-20
– CPI reflects the cost of living for typical consumers.
– It is used as a key measure of retail inflation.
– Different series of CPI are published based on the target population (urban, rural, combined).