Consumer Price Index -- Unchained
Summary: Consumer price index (CPI), CPI is used to assess price changes associated with the cost of living. Even if the producers want cheap prices when they buy or purchase something. Like this, the article gave the example of Movie Theater. If producers increase the price of movie ticket, then consumers will just wait for the movie and download from p2p site. So producers should balance to earn much money. This will make producers' and consumers' satisfaction.
Relevance: Our AP economy class learned about the consumers and producers. When they are all balanced, then they all can satisfy on their resources and services.
My opinion: I think this article told right things to us. Producers and consumers should always have balanced prices. Even if producers want
much money, consumers will not agree. And when consumers want too cheap price,
then producers will not agree. So the balance is really important.
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