What is the inflation basket of goods? It’s a collection of everyday items used to measure price changes and track inflation. Built from household spending surveys, each product is weighted to show its share in a typical budget. The basket is updated to reflect shifting habits, helping governments set inflation targets and guide monetary policy. Knowing how it works helps you understand rising costs and make smarter financial decisions.
What Is The Inflation Basket Of Goods? | Inflation Insight Channel News
