In case you were obsessed with economics in school then you will probably remember Consumer Price Index (CPI), but for those who dont know it is an index which statistically tracks the prices of a specified set or “market basket” of consumer goods and services. This provides a measure of inflation and a basic representation of cost-of-living. Statistics Finland revised 22 percent of this market basket adding new items such as the MP3 player and taking out antiquated consumer technology such as the VCR, video cassette, and roll of film.
