Mortuary Science Practice Exam

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Which entity provides the statistics for the Detroit Consumer Price Index?

The Federal Bureau of Investigation
The United States Department of Labor
The Bureau of Census
The Economic Research Service

The correct answer is: The United States Department of Labor

The Detroit Consumer Price Index (CPI) statistics are provided by the United States Department of Labor, specifically through its Bureau of Labor Statistics (BLS). The BLS is responsible for collecting, analyzing, and disseminating essential economic data, including the CPI, which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. This data is crucial as it affects economic policy, cost-of-living adjustments, and inflation measurement. Entities like the FBI and the Economic Research Service do not focus on consumer price statistics; the FBI deals with law enforcement and national security, while the Economic Research Service (part of the USDA) focuses on agricultural economics and rural development. The Bureau of Census primarily conducts the population census and demographic data collection, rather than specific consumer price measures. Therefore, the correct association of the Detroit CPI statistics lies with the United States Department of Labor.