​In the context of inflation, what does CPI mean? ​

Correct option is B

The correct answer is (B) Consumer Price Index.

Explanation:

• CPI stands for Consumer Price Index, which measures the average change over time in the prices paid by consumers for goods and services.

Information Booster:

• CPI: Key indicator for inflation measurement.
• Uses: Measures cost of living and purchasing power.
• Issued by: Central Statistical Organisation (CSO), India.