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Answer :
Based on the provided information, the excerpt describes the process of computing and reporting the Consumer Price Index (CPI) by the ONS. Therefore, the correct answer is: c) The CPI (Consumer Price Index)
The excerpt from the ONS website describes the process of selecting a representative basket of goods and services that consumers typically spend their money on.
The prices of these items are collected physically in various locations across the country, as well as online or over the phone, resulting in around 180,000 price points each month.
The purpose of this data collection is to measure changes in the prices of goods and services consumed by households. The CPI is a widely used measure of inflation and is used to track changes in the cost of living over time. The correct option is c).
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