Respuesta :
The potential sources of bias in the calculation of the CPI by the BLS are introduction of new products, improvements in quality over time, outlet shopping, andbsubstitution to cheaper goods.
Definition of CPI
The Customer Price Index or CPI is a measuring tool, which is often used to assess the average change in the price of a product. Where the price change is calculated by monitoring the price of each product.
As for how to calculate the CPI, is by tracking the price changes, for each product in a group of goods, then labeling it.
In addition, CPI is also published with several countries releasing flash or future initial inflation data. For the CPI release system is one month later. Thus, the CPI published this month is the CPI released last month.
In general, inflation data is published every one month and is collected and then measured annually. There are several countries that also publish monthly inflation data, such as New Zealand and Australia.
Learn more about CPI at https://brainly.com/question/14846198.
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