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Can the CPIs for individual countries be used to compare price levels with other countries?

April 26, 2017compare countries cpis individual levels price Used

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Can the CPIs for individual countries be used to compare price levels with other countries?

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No. An individual country index measures how much prices have changed over a specific period in that particular country; it does not indicate whether prices are higher or lower in that country relative to another. For more information, see www.bls.gov/cpi/cpifaq.htm#Question_18.