Consumer Prices

With a monopoly, or virtual monopoly, these models demonstrate the logical conclusion that monopolies will likely lead to stagnate or inflated prices.

What is the consumer price index and what does it tell us about our economy?

There are two main ways monopolies can impact consumer prices. The first thing monopolies impact on consumer prices is that it can cause the company to go out of business because of such low prices.

The Consumer Price Index is watched closely by both Congress and the Federal Reserve Board, but not many people are aware of the way it influences government policy.

The CPI is more important to consumers than the GDP index because the GDP index uses indicators not as important to consumers such as government purchases, foreign trade and capital goods.

Sometimes it feels like the "bad old days," with prices rising and wages going down for most people. It's no surprise people are dipping into their savings to make ends meet.

Fewer sales and customers mean hard times for area restaurants but better value for customers. To be successful you have to do things right nowadays.