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# What do you think has a greater effect on the consumer price index a 10 percent increase in chicken or a 10 percent increase in caviar?

Updated: 4/28/2022

Wiki User

10y ago

Chicken. Most people do not buy caviar. So the total amount spent on chicken is much greater than the total spent on caviar (even though caviar is more expensive). Therefore, in terms of the basket of consumer shopping, chicken is much more important had has more weight in the price index. This means an increase in the price of chicken will have a much greater impact on the index as the same percentage increase on caviar.

Wiki User

10y ago

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Q: What do you think has a greater effect on the consumer price index a 10 percent increase in chicken or a 10 percent increase in caviar?
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