what is a healthy CPI rate? Also, what is the CPI for san francisco & sebastopol, CA. what does it mean?

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Expert Solution

Healthy consumer price index is considered at the rate of 2% for the highly developed economy because it is reflecting the level of inflation in the economy and it is also connecting the level of demand as well as interest rate into the economy. It is a lagging indicator which will be reflecting the overall consumer price changing in the past period so it is a index of inflation which will be reflecting that these developed economy should be almost changing around 2% in order to have a healthy consumer price index.

Consumer price index for San Francisco and sebastoppel is between 1.3 to 1.5% at the current period because there has been a hit due to fears of coronavirus.

It means that the demand in the San Franciscohas been lower when it will be taken in perspective of the consumer demand and rising prices because consumer price index will be reflecting the overall demand generated and the inflation associated with it so there has been a lack of demand followed with a lack of inflation because there have been a lower income and job losses due to coronavirus.

jeff jeffy answered 1 year ago

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