1. Avoid using the terms Consumer Price Index and cost-of-living index interchangeably.
2. Keep CPI numbers in context.
3. Don't assume the CPI is a spot-on picture of what's happening out there.
4. Pay attention to the index's base year.
5. Focus on the index that is right for your audience.
6. Know what each index can best tell you about inflation.
7. Be aware of other indices.
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