By Emel Akan Monica Lomax, a 59-year-old resident of Elkridge, Maryland, has been feeling the pinch of rising costs. She’s had to tighten her budget, especially for groceries and clothing. Now, her shopping trips are primarily for essentials, a necessary adjustment in her life to manage the financial squeeze. “I was thinking about purchasing or […]
Tag: Consumer Price Index (CPI)
A consumer price index is a price index, the price of a weighted average market basket of consumer goods and services purchased by households.