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oboloo Glossary

Index Pricing

oboloo Glossary

Index Pricing

Index Pricing

The pricing index is a number used to compare the prices of a good or service in different time periods or different locations. The Index number is the average of a set of prices for the same good or service in different time periods or locations. The pricing Index can be used to compare the relative cost of living in different cities or over time. The Consumer Price Index (CPI) is an example of a widely used price index.

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