Which do you think has a greater effect on the consumer price index a 10 percent increase in the price of chicken or a 10 percent increase on the price of cavier?

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1121382

2026-08-06 06:51

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A 10 percent increase in the price of chicken is likely to have a greater effect on the consumer price index (CPI) compared to a similar increase in caviar. Chicken is a staple food item consumed by a larger segment of the population, whereas caviar is a luxury item with a more limited consumer base. Therefore, the overall impact on the CPI, which reflects the average change in prices for a basket of goods and services, would be more pronounced with chicken.

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