The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CHAIN WEIGHTED CPI Definition & Legal Meaning

Definition & Citations:

As an alternative to the Consumer Price Index, this measurement is used to remove any biases related to new products, any changes in quality, and discounted pricing. The chain weighted CPI uses both the average changes in the quantity of products purchases, as well as the standard pricing effects. This blend allows for evaluation of situations where customers shift the focus of their purchases from one area of spending to a different area.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.