CONSUMER PRICE INDEX OF SERBIA FOR SELECTED PRODUCTS

Abstract

Consumer Price Index (CPI) is one of the national most observed economical statistic items. Its purpose is to weight the current state of goods and services to produce the overall prices index shares in the total of the consumer expenditures. CPI is used to measure effect of inflation and deflation and to adjust real value of wages, salaries, pensions, to regulate prices and deflate monetary magnitudes, to show changes in real values. In this paper, we discuss CPI of Serbia for several years period using selected products and statistical data obtained from federal research.

Keywords

• Keyword:Consumerpriceindex(CPI)
• economy
• statistics
• products